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