Question: Given the following information, which statement is correct (from the cash management perspective)? 2021 (in days) 2022 (in days) 30 40 days sales outstanding

Given the following information, which statement is correct (from the cash management perspective)? 2021 (in days) 2022 (in days) 30 40 days sales outstanding (DSO) inventory conversion period (ICP) 45 days payment outstanding (DPO) 75 55 60 DPO is improving. All statements are correct. The operating cycle is becoming longer. ICP is improving. The cash conversion cycle is becoming shorter. DSO is improving.

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