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11) Stony Products has an inventory conversion period (ICP) of about 70 days. The receivables collection period (RCP) is 30 days. The payables deferral period

11) Stony Products has an inventory conversion period (ICP) of about 70 days. The receivables collection period (RCP) is 30 days. The payables deferral period (PDP) is about 40 days. What is Stony's cash conversion cycle (CCC)? A. 100 days B. 60 days C. 140 days D. 70 days 12) The main source of short-term operating capital is _________. A. trade credit B. bank loans C. bonds D. sale of treasury stock 13) An investor

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