XYZ historically acquired products that were held in inventory until they could be sold to...
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Accounting
XYZ historically acquired products that were held in inventory until they could be sold to a customer. The firm is now changing its policy and only acquiring a product when it receives an actual order from a customer. All else equal, this change will:
| increase the operating cycle. | ||
| shorten the accounts payable period. | ||
| lengthen the accounts receivable period. | ||
| decrease the cash cycle. | ||
| decrease the inventory turnover rate. |
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