Over the last 12 months, M&N Company has been using its accounts payable as an internal source of funds. This month, M&N's largest supplier changed its invoice terms from 2/20 net 90 to 2/10 net 60. Going forward, this change is most likely to: A) increase M&N's days of payables. B) decrease M&N's days of payables. C) have no effect on M&N's days of payables.

Answer rating: 100% (QA)

The change in invoice terms from 220 net 90 to 210 net 60 is likely to B decrea... View the full answer