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Which of the following actions can be taken to reduce the firm's average collection period? Question 5 options: Decrease the firm's credit purchases. More aggressively collect delinquent credit accounts. Change the firm's inventory valuation method. Revise the firm's capital budgeting investment policy.

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Anthougoidn

To reduce the firm's average collection period, the company should B. More aggressively collect delinquent credit accounts.

The firm cannot reduce its average collection period by:

  • Decreasing its credit purchases
  • Changing its inventory valuation method
  • Revising its capital budgeting investment policy.

Thus, the firm's average collection period can be reduced by Option B.

Learn more: https://brainly.com/question/19340504

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