Helena Furnishings wants to sharply reduce its cash conversion cycle. Which of the following steps would reduce
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Question:
Helena Furnishings wants to sharply reduce its cash conversion cycle. Which of the following steps would reduce its cash conversion cycle?
a.Everything else being same, the company decreases its average inventory.
b.Everything else being same, the company increases the credit period provided to customers.
c.Everything else being same, the company pays faster to its suppliers.
d.All of the statements above are correct.
e.None of the statements above are correct.
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