单选题 A company has a cash conversion cycle of 80 days. If the company" s average receivables turn-over increases from 11 to 12, the company" s cash conversion cycle:

A、 decreases by approximately 3 days.
B、 increases by approximately 3 days.
C、 decreases by approximately 30 days.

【正确答案】 A

【答案解析】cash conversion cycle (CCC) = days of sales outstanding + days of inventory on hand-number of days of payables, days of sales outstanding = 365/receivables turnover = 365/11 = 33.18 ; 365/ 12 = 30.42. This means the CCC decreases by 2.76 days.