Activity Ratios and Earnings Quality Flashcards
1
Q
An increase in sales resulting from an increased cash discount for prompt payment would be expected to cause
A
A decrease in the cash conversion cycle.
CMA Part II Prep FINAL > Activity Ratios and Earnings Quality > Flashcards
An increase in sales resulting from an increased cash discount for prompt payment would be expected to cause
A decrease in the cash conversion cycle.
CMA Part II Prep FINAL (14 decks)