1. A firm that experiences a decreasing inventory turnover ratio over time would also realize a(n)

		Accelerated net cash conversion cycle.
		Increased level of turnover in accounts payable.
		Reduced inventory conversion cycle.
		Increased number of days in inventory.

2. The calculation of product dollar days is a component of the

			Net liquidity index.
			Working capital.
			Net cash conversion cycle.
			Inventory conversion cycle.

3. A firm would generate cash if it reported a(n)

		Unrealized gains caused by market adjustments of available-for-sale securities.
		Realized losses from the sale of available-for-sale securities.
		Unrealized losses caused by the market adjustment of trading securities
		Realized gains from the sale of trading securities.

4. Redlands Inc. purchased ten shares of stock in each of four firms on December 1, 2016. The information for its investments is as follows:

Security	Classification	Purchase Price per share	Sale Date & Price	Market Value per Share 12/31/16	Market Value per Share 12/31/17
A	Trading	$6	12/15/16--$7	---	---
B	Trading	8	1/31/17--$10	11	---
C	Available for sale	10	---	7	9
D	Available for sale	12	---	13	10

The unrealized gain that Redlands would report on its 2016 income statement is

		$4
		$3
		$2
		$1

5. Redlands Inc. purchased ten shares of stock in each of four firms on December 1, 2016. The information for its investments is as follows:

Security	Classification	Purchase Price per share	Sale Date & Price	Market Value per Share 12/31/16	Market Value per Share 12/31/17
A	Trading	$6	12/15/16--$7	---	---
B	Trading	8	1/31/17--$10	11	---
C	Available for sale	10	---	7	9
D	Available for sale	12	---	13	10

The amount of other comprehensive income Redlands would report on its 2017 statement of comprehensive income is

		($1).
		($2).
		($3).
		($4).