TRUE OR FALSE:

A company's financial leverage is negative when its return on total assets is less than its return on ordinary shareholder's equity

The transaction motive for holding cash is to support daily operating requirements.

As a firm's cash conversion cycle increases, the firm becomes less profitable

Purchase of inventory on account is not a use of working capital.

Ceteris paribus, the market value of a firm's outstanding common shares will be higher if investors have a lower required return on equity

Net present value is the sum of discounted cash inflows less the sum of the discounted cash outflows.

A decrease in the discount rate will increase present values of future cash flows.