Organic Foods Mart increased its operating cycle from 63 days to 68 days while the cash cycle decreased by 2 days.How have these changes affected the accounts payable period?
A) Decreased by 7 days
B) Decreased by 4 days
C) Decreased by 3 days
D) Increased by 3 days
E) Increased by 7 days
Correct Answer:
Verified
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