Question
The Fried Green Tomatoes Restaurant has increased its operating cycle from 98.8 days to 103.9 days while the cash cycle has decreased by 3.6 days.
The Fried Green Tomatoes Restaurant has increased its operating cycle from 98.8 days to 103.9 days while the cash cycle has decreased by 3.6 days. How have these changes affected the accounts payable period?
Which is correct choice?
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Increase of 1.5 days
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Decrease of 1.5 days
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Decrease of 8.7 days
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Increase of 5.1 days
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Increase of 8.7 days
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The Bank Credit Analysis Handbook
Authors: Jonathan Golin, Philippe Delhaise
2nd Edition
0470821574, 978-0470821572
