QUESTION

20. Helena Furnishings wants to reduce its cash conversion cycle. Which of the following actions should it take? A)

Category: Business
Subject: Finance
Due Date: 01/27/2016
Question Asked: 2016-01-27 18:25:47

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20. Helena Furnishings wants to reduce its cash conversion cycle. Which of the following

actions should it take?

A) Increases average inventory without increasing sales.

B) Start paying its bills sooner, which would reduce the average accounts payable but not

affect sales.

C) Sell common stock to retire long-term bonds.

D) Sell an issue of long-term bonds and use the proceeds to buy back some of its common

stock.

E) Take steps to reduce the DSO.

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Posted on 2016-01-27 18:25:47

User: LightspeedLearning
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...its bills sooner, which would reduce the average accounts payable but not affect sales.C)...

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