Which of the following actions should Reece Windows take if it wants to reduce its cash conversion cycle?   a. Take steps to reduce the DSO.     b. Sell an issue of long-term bonds and use the proceeds to buy back some of its common stock.     c. Increase average inventory without increasing sales.     d. Sell common stock to retire long-term bonds.     e. Start paying its bills sooner, which would reduce the average accounts payable but not affect sales.

Principles of Accounting Volume 1
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ISBN:9781947172685
Author:OpenStax
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Chapter15: Partnership Accounting
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Which of the following actions should Reece Windows take if it wants to reduce its cash conversion cycle?
  a. Take steps to reduce the DSO.  
  b. Sell an issue of long-term bonds and use the proceeds to buy back some of its common stock.  
  c. Increase average inventory without increasing sales.  
  d. Sell common stock to retire long-term bonds.  
  e. Start paying its bills sooner, which would reduce the average accounts payable but not affect sales.  
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