To date, the company has never paid vendor invoices early but is considering doing so now. It will start to take 1% discount off the invoiced amount from its supplier but will need to pay within 10 days instead of the regular 30 days. This change in payments will likely result in ...

[NOTE: More than one answer may be correct]

... a lower net income.

... lower material costs.

... lower days payables outstanding.

... a higher cash balance.

... a higher cash conversion cycle.

... higher profit margins.