1-Short-term financial planning forecasts address whether a venture is expected to generate the required cash to meet its coming obligations.

A-True

B- False

2-A common way to express a venture's anticipated cash needs is to project the balance sheet and income statement into the future and produce the statement of cash flows.

	a) True
	b) False

3-Which of the following is measured by dividing the average daily cost of goods sold into the average inventories?

a)	sale-to-cash conversion period

b)	inventory-to-sale conversion period

c)	purchase-to-payment conversion period

d)	cash conversion cycle