Which statement is NOT correct?
a) One option to reduce the cash conversion cycle is to reduce the amount of A/R.
b) As the days payable is getting longer, the cash conversion cycle becomes shorter.
c) Venture businesses enjoy having shorter days inventory and longer days payable.
d) As the operating cycle goes up, the cash conversion cycle goes down.
e) The operating cycle cannot be less than the cash conversion cycle.
It’s that simple.Pay only when you are satisfied.
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