Question
The Fried Green Tomatoes Restaurant has increased its operating cycle from 99.2 days to 104.5 days while the cash cycle has decreased by 3.6 days.
The Fried Green Tomatoes Restaurant has increased its operating cycle from 99.2 days to 104.5 days while the cash cycle has decreased by 3.6 days. How have these changes affected the accounts payable period?
A. Decrease of 1.7 days
B. Increase of 8.9 days
C. Increase of 1.7 days
D. Decrease of 8.9 days
E. Increase of 5.3 days
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Managerial Accounting Tools For Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
2nd Canadian Edition
0471413658, 978-0471413653
