An increase in the average payment period will result in___________in the cash conversion cycle.
A) an increase
B) a decrease
C) no change
D) an undetermined change

Name: An increase in the average payment period will result in___________in the cash conversion cycle. A) an increase B) a decrease C) no change D) an undetermined change
Brand: Quizplus
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Question

An increase in the average payment period will result in___________in the cash conversion cycle. 
A) an increase
B) a decrease
C) no change
D) an undetermined change

Quizplus · Accepted Answer

An increase in the average payment period means the company takes longer to pay its suppliers, which effectively reduces the cash conversion cycle.

An Increase in the Average Payment Period Will Result In___________in