Helena Furnishings wants to reduce its cash conversion cycle. Which of the following actions should...
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Finance
Helena Furnishings wants to reduce its cash conversion cycle. Which of the following actions should it take? * A. Sell common stock to retire long-term bonds. B. Increase average inventory without increasing sales. C. Take steps to reduce the DSO. D. Sell an issue of long-term bonds and use the proceeds to buy back some of its common stock. E. Start paying its bills sooner, which would reduce the average accounts payable but not affect sales.
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