1. Equity method investments represent which level of ownership interest?

A. less than 20%

B. 20% to 50%

C. more than 50%

D. either A or B can be marked to market.

2. Which of the following improves the conversion cycle? Assume all unmentioned cycles remain constant.

A. a decrease in the days to collect

B. an increase in the days to move inventory

C. an increase in the days to pay for inventory

D. a decrease in the days paid in advance