lowell inc wants to sharply reduce its cash conversion cycle. which of the following steps would reduce its cash conversion cycle? everything else being same, the company increases the credit period provided to customers. all of the statements above are correct. everything else being same, the company decreases its average inventory. everything else being same, the company pays faster to its suppliers.

Question

20-12-2022
Business

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lowell inc wants to sharply reduce its cash conversion cycle. which of the following steps would reduce its cash conversion cycle? everything else being same, the company increases the credit period provided to customers. all of the statements above are correct. everything else being same, the company decreases its average inventory. everything else being same, the company pays faster to its suppliers.

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rafikiedu17 rafikiedu17 · Answer 1 · 2022-12-24T05:14:34-05:00

Lowell inc wants to sharply reduce its cash conversion cycle everything else is the same, the company increases the credit period provided to customers. reduce its cash conversion cycle all of the statements above are correct.

The cash conversion cycle is the time it takes a company to convert funds invested in production and sales into cash. It is used to measure a company's efficiency in using working capital.

The cash Conversion Cycle (CCC) is a metric that reflects the time it takes a company to convert an investment in inventory into cash. The conversion cycle formula measures the time in days it takes a company to convert resource inputs into cash.

The formula used to calculate the cash conversion cycle is the sum of days outstanding for inventory and days outstanding for sales, minus days outstanding for accounts payable.

Learn more about cash conversion here

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