Which of the following actions would most directly shorten, Ask an Expert

Finance

Which of the following actions would MOST directly shorten the cash conversion cycle?

Decrease investment in inventory

Decrease operating expenses

Decrease payments received in the first month after the sale.

Increase Sales

2. A supplier offers a firm a 3/15, net 30 discount for early payment on a $2,000 bill. What is the cost of forgoing the trade discount, assuming the financial year has 360 days?

0.003%

1484%

74.2%

37.1%

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92167278

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