Question
The Fried Green Tomatoes Restaurant has increased its operating cycle from 99.8 days to 105.4 days while the cash cycle has decreased by 2.8 days.
The Fried Green Tomatoes Restaurant has increased its operating cycle from 99.8 days to 105.4 days while the cash cycle has decreased by 2.8 days. How have these changes affected the accounts payable period?
a) Increase of 8.4 days
b) Decrease of 8.4 days
c) Increase of 2.8 days
d) Decrease of 2.8 days
e) Increase of 5.6 days
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Gapenski's Healthcare Finance An Introduction To Accounting And Financial Management
Authors: Kristin L. Reiter, Paula H. Song
7th Edition
1640551867, 9781640551862
