Which of the following actions is likely to reduce the length of firm’s cash conversion cycle?

Question

A- Adopting a new inventory system that reduces the inventory conversion period

B-Adopting a new inventory system that increases the inventory conversion period

C- Increasing the average day's sales outstanding on its accounts receivable.

D- Reducing the amount of time the firm taken to pay its suppliers.

narendra mandlik · Answer

Adopting a new inventory system that reduces the inventory conversion period

imran Noor - · Answer

The correct option is >>>>>>>>>>>>>> (A)

Adopting a new inventory system that reduces the inventory conversion period

Fathi Matbaq · Answer

D- Reducing the amount of time the firm taken to pay its suppliers.