1. Is cash conversion cycle a short-term financial management tool? This is a yes or no question, followed by an in-depth discussion to support your position.

2. Define and contrast the terms working capital and net working capital.

3. Explain what is meant by the statement "The use of current liabilities as opposed to long-term debt subjects the firm to a greater risk of illiquidity."

Next, respond to the postings of two class members by asking questions and vice versa. Remember to respond to questions you receive from other class members.