Question
The Fried Green Tomatoes Restaurant has increased its operating cycle from 99.6 days to 105.1 days while the cash cycle has decreased by 3.2 days.
The Fried Green Tomatoes Restaurant has increased its operating cycle from 99.6 days to 105.1 days while the cash cycle has decreased by 3.2 days. How have these changes affected the accounts payable period?
Multiple Choice
Decrease of 8.7 days
Decrease of 2.3 days
Increase of 5.5 days
Increase of 2.3 days
Increase of 8.7 days
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Dynamics Of International Finance
Authors: Ruchi Mehrotra Joshi
1st Edition
1685078389, 978-1685078386
