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QUESTION
Saxson and Sons has an inventory period of 26 days, an accounts payable period of 44 days and an accounts receivable period of 22 days.
Saxson and Sons has an inventory period of 26 days, an accounts payable period of 44 days and an accounts receivable period of 22 days. Management is considering offering a 5% discount if its credit customers pay for their purchases within 10 days. If the new discount is offered, the accounts receivable period is expected to decline by 11 days.
If the new discount is offered, the operating cycle will decrease from _____ days to _____ days.
