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The Golden Branch Corp. decreased its operating cycle cycle from 90 days to 78 days while the cash cycle increased by 3 days. How have
The Golden Branch Corp. decreased its operating cycle cycle from 90 days to 78 days while the cash cycle increased by 3 days. How have these changes affected the accounts payable period?
Decreased by 15 days
Increased by 9 days
Decreased by 9 days
Increased by 15 days
Increased by 3 days
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