问题
单项选择题
Compared to the prior year, Chart Industries has reported that its operating cycle has remained relatively stable while its cash conversion cycle has decreased. The most likely explanation for this is that the firm:（）
A. is relying more on its suppliers for short-term liquidity.
B. is paying its bills for raw materials more rapidly.
C. has improved its inventory turnover.
答案
参考答案：A
解析：
The cash conversion cycle is its operating cycle minus its average days payables outstanding. Therefore, the firm’ s average days payables must have increased, a clear indication that the firm is relying more heavily on credit from its suppliers, Improved inventory turnover would tend to increase both the operating and cash conversion cycles.