STATEMENT | Mean | Std Dev |
Developing an optimal cash conversion cycle (CCC) through proper cash budgeting and forecasting | 3.46 | 0.05 |
Cash conversion cycles that are shorter are preferable than those that are longer. | 3.10 | 0.18 |
The collection timeframe for debtors is determined regularly to decrease the accounts receivable days | 4.40 | 0.76 |
Negotiating favorable payment terms from suppliers/vendors | 3.92 | 1.32 |
Regular tracking and computing creditors’ repayment period. | 3.06 | 0.20 |
Extension of credit policies to customers increases cash collection | 3.25 | 0.01 |
Negotiation of credit facilities from suppliers helps in reducing current liabilities. | 4.10 | 0.98 |