NO.PZ2018062004000117
问题如下：
Based upon the following table, which of the following is most correct?
选项：
A.The change of DOH may improve company’s liquidity.
B.The change of DSO may improve company’s liquidity.
C.The change of days of payables may improve company’s liquidity.
解释：
C is correct.Days of sales outstanding(DSO) has increased,indicating lowly efficient credit and collection,which may deteriorate company’s liquidity.Days of inventory on hand(DOH) has increased which implies a longer period that inventory is held.It’s also a negative signal for liquidity.However,number of days of payables increased, which may improve liquidity.
payable turnover提高虽然从Cash conersion cycle 上是增加了。但是它不是说明上游供应商的还款时间缩短了，其实只能算一个劣势。 而且公司的liquidity ratio 来看， A/P增加， 导致Liabilities 增加。 那么liquidlity ratio其实是下降的。
