1. Which of the following actions would be the most likely to decrease a companys cash conversion cycle? (choose all that apply). Consider the effects of each proposed action independently.
   1. Negotiating more favorable credit terms with suppliers
   2. Factoring (selling accounts receivable accounts to a collection company every 10 days for 85% of their face value. The companys current customer payment terms are net 25
   3. Taking advantage of a 2% discount offered by a major supplier in exchange for paying accounts in 10 days instead of 30 days. The supplier accounts for 75% of the businesss inventory purchases, and discounts of this magnitude are reserved only for the suppliers very best customers.
   4. Improving the display of merchandise to increase sales
   5. Relaxing credit terms to match a competitors net 40 customer payment policy.