1. Which of the following is not an influence on a company's short-term financing decisions?

a. growth of the company

b. price of their common stock

c. seasonal variation

d. current assets/total assets relationship

2. Calculation of a firms average collection period is the same as calculating the:

a. accounts payable cycle

b. cash conversion cycle

c. accounts receivable period

d. inventory cycle

3. Commercial paper issued by large U.S. corporations is backed by:

a. the credit quality of the borrower

b. accounts receivable

c. fixed assets

d. inventories