4. Based on your analysis from Part One, is the change in Days Purchases Outstanding from 2020 to 2021 an improvement, a deterioration or no change to one decimal place?

5. Based on your analysis from Part One, which of the following transactions and events would result in a deterioration in Days Purchases Outstanding in year 2022?

   1. issuing shares for cash

   2. payment to acquire shares in another business as a long-term investment

   3. a payment of income tax owing from the previous period

   4. A and B only

   5. A and C only

   6. B and C only

   7. All of the above

   8. None of the above

\begin{tabular}{l|l|l|l|l|r|} \hline & 2018 & 2019 & 2020 & \multicolumn{1}{c|}{2021} & \multicolumn{1}{|c|}{2022} \\ \hline Days & & & & & \\ \hline Purchases & & & & \\ Outstanding & & & & \\ (days) & 20,15 & 19,63 & 20,04 & 20,27 & 22,67 \end{tabular}