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The Fried Green Tomatoes Restaurant has increased its operating cycle from 97.8 days to 102.4 days while the cash cycle has decreased by 3.1 days.
The Fried Green Tomatoes Restaurant has increased its operating cycle from 97.8 days to 102.4 days while the cash cycle has decreased by 3.1 days. How have these changes affected the accounts payable period?
Multiple Choice
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Increase of 1.5 days
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Decrease of 7.7 days
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Increase of 7.7 days
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Increase of 4.6 days
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Decrease of 1.5 days
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