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The Fried Green Tomatoes Restaurant has increased its operating cycle from 98.2 days to 103 days while the cash cycle has decreased by 3.3 days.
The Fried Green Tomatoes Restaurant has increased its operating cycle from 98.2 days to 103 days while the cash cycle has decreased by 3.3 days. How have these changes affected the accounts payable period?
Increase of 8.1 days
Decrease of 1.5 days
Decrease of 8.1 days
Increase of 4.8 days
Increase of 1.5 days
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