Multiple Choice
A company wishes to reduce the amount of working capital it requires to finance its operations. Which of the following would be the least effective way of reducing working capital requirements?
A) Increase the efforts to collect overdue debtor's accounts.
B) Refuse to sell on credit to any customer.
C) Offer a discount for early payment by debtors.
D) Increase the payment time for accounts payable.
Correct Answer:
Verified
Correct Answer:
Verified
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