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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

Fig: 1