If Polyana were to increase its gross profit margin during the previous year,without changing its accounts receivable level,then what would have happened to Polyana's cash conversion cycle?

Name: If Polyana were to increase its gross profit margin during the previous year,without changing its accounts receivable level,then what would have happened to Polyana's cash conversion cycle?
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Question

Quizplus · Accepted Answer

Sales increase but CGS remains the same: ACP would then decrease which would cause the CCC to decrease.

If Polyana Were to Increase Its Gross Profit Margin During