Question: more than one answer Given the following, which is true? Firm 1-Days Sales Outstanding: 34, Days Sales in Inventory: 53, Days Payable Outstanding: 12 Firm
Given the following, which is true? Firm 1-Days Sales Outstanding: 34, Days Sales in Inventory: 53, Days Payable Outstanding: 12 Firm 2 Days Sales Outstanding: 66, Days Sales in Inventory: 53, Days Payable Outstanding: 64 Firm 3-Days Sales Outstanding: 75 Days Sales In Inventory: 90, Days Payable Outstanding: 130 Fimm 2 has the shortest cash conversion cycler Firm has the longest operating cycle but longest cash conversion cycle Firm 1 has the shortest cash conversion cycle Firm 3 has the logest operating cycle but shortest cash conversion cycle Firm 2 has the longest operating cycle
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