Oyster Fields has an average payment period of 21 days as compared to its industry average of 33 days. Suppliers in the industry have a 30-day credit policy. Which one of these statements most applies to Oyster Fields

Oyster Fields has an average payment period of 21 days as compared to its industry average of 33 days. Suppliers in the industry have a 30-day credit policy. Which one of these statements most applies to Oyster Fields? Click the answer you think is right. Oyster Fields should increase its accounts payable turnover rate if it wants to match its industry. Oyster Fields has a greater risk of being denied credit by its suppliers than do other firms in its industry Oyster Fields is managing its accounts payable better than the average firm in its industry. Oyster Fields is not maximizing its use of free financing