Which are expected to decrease the accounts receivable


Your firm currently has an operating cycle of 64 days. You are analyzing some operational changes, which are expected to decrease the accounts receivable period by 3 days and decrease the inventory period by 2 days. The accounts payable turnover rate is expected to increase from 7 to 9 times per year. If all of these changes are adopted, what will your firm's new operating cycle be? Show your work.

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Which are expected to decrease the accounts receivable
Reference No:- TGS02721683

Expected delivery within 24 Hours