11 during the year the following changes were observed i inventory per
Question
11.During the year the following changes were observed.
(I.) Inventory period increased by 12 days
(II.) Receivables period decreased by 6 days
(III.) Accounts payable period increased by 4 days
Find the net change in cash conversion cycle.
Multiple Choice
a.+10 days
b.+14 days
c.+2 days
d.-10 days