NO.PZ2016012102000182
问题如下：
If ACDE company wants to shorten its cash conversion cycle, which of the following measures will be most appropriate?
选项：
A.Increase the inventory turnover ratio and the receivable turnover ratio.
B.Increase the receivable turnover ratio and the payable turnover.
C.Decrease the inventory processing period and the receivable turnover ratio.
解释：
A is correct.
Cash conversion cycle =inventory processing period + collection period - payables period= (365/ inventory turnover)+(365/ receivable turnover)- (365/payable turnover)
考点：财务报表分析
cash conversion cycle = inventory processing period + collection period - payables period = （365/inventory turnover）+(365/receivable turnover) - （365/payable turnover）
现金周转周期 = 存货周转天数 + 应收账款周转天数 - 应付账款周转天数 =（365/存货周转率）+（365/应收周转率）-（365/应付周转率）
C选项错在，同时降低应收账款周转率(->增加应收账款周转天数)，降低存货周转天数，两者对cash conversion cycle的共同作用是不明确的。
请问老师， Inventory turnover and Inventory turnover ratio有区别吗?
DOH和DSO增加，则Cash conversion cycle提高。而DOH=365/Inventory Turnover, DSO=365/receivable turnover
所以，Inventory Turnover和receivable turnover下降时， cash conversion cycle提高。我选的A。所以turnover和turnover ratio不一样?
