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Which of the following actions would be likely to shorten your company's cash conversion cycle? Adopt a new manufacturing process that increases the conversion of
Which of the following actions would be likely to shorten your company's cash conversion cycle?
Adopt a new manufacturing process that increases the conversion of raw materials to finished goods from days to days.
Change the credit terms offered to your customers from net to net
Adopt a new manufacturing process that saves some labor costs but slows down the conversion of raw materials to finished goods from days to days.
Change the credit terms offered to your customers from net to net
Take the price discounts on inventory purchases; the trade credit term offer by your supplier is net
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