1) The relevant monitoring mechanism for a companys account receivable is _______.

Select one:

A. the average payable period

B. called the credit instrument

C. the aging schedule

D. the auditing of the customers account

2) Higher a firms working capital _____ costs, other things being equal, lower the level of the firms working capital, which means the firm adopts a more _____ working capital policy.

Select one:

A. shortage; flexible

B. shortage; restrictive

C. carrying; restrictive

D.carrying; flexible

3) Calculate the coefficient of variation of CLS stock if its expected return and standard deviation are 13.61% and 3.28%.

Select one:

A. 0.33

B. 0.86

C. 0.24

D. 0.57