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Kwik Shops historically acquired products that were held in inventory until they could be sold to a customer. The firm is now changing its policy
Kwik Shops historically acquired products that were held in inventory until they could be sold to a customer. The firm is now changing its policy and will only acquire a product when it receives an actual order from a customer. All else equal, this change will
Multiple Choice
A. increases the operating cycle.
B. shorten the accounts payable period.
C. lengthen the accounts receivable period.
D. decrease the cash cycle.
E. decrease the inventory turnover rate.
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