Ch. 18: Questions 3 & 11( Questions and Problems section) Ch. 20: Questions 8 & 14( Questions and Problems section) Ch. 21: Questions 4 & 7( Questions and Problems section)
Ch. 26: Questions 1 & 2( Questions and Problems section): Microsoft ® Excel ® template provided for Problem 2
Format your assignment consistent with APA guidelines if submitting in Microsoft ® Word.
Click the Assignment Files tab to submit your assignment. Ch. 18: Questions 3 & 11( Questions and Problems section)
3. Changes in the Operating Cycle [ LO1 ] Indicate the effect that the following will have on the operating cycle. Use the letter I to indicate an increase, the letter D for a decrease, and the letter N for no change:
a. Average receivables goes up.
b. Credit repayment times for customers are increased.
c. Inventory turnover goes from 3 times to 6 times.
d. Payables turnover goes from 6 times to 11 times.
e. Receivables turnover goes from 7 times to 9 times.