Question: The Fried Green Tomatoes Restaurant has increased its operating cycle from 99.4 days to 104.7 days while the cash cycle has decreased by 3.4 days.

The Fried Green Tomatoes Restaurant has increased its operating cycle from 99.4 days to 104.7 days while the cash cycle has decreased by 3.4 days. How have these changes affected the accounts payable period?

Step by Step Solution

3.40 Rating (163 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Answer IDecrease of 87 days Explanation i Change in Ope... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!