8. Which of the following statement is CORRECT?

a. It is always better to have a relatively short than a relatively long cash conversion cycle.

b. Cyclical companies often like to retain extra cash or marketable securities during the "good" times, in order to ensure that they have sufficient liquidity when the inevitable downturn in the business cycle arrives.

c. For most growing companies, there will be positive cash flows from investing on their prospective financial statements

d. When analyzing the liquidity of a company, the current ratio is a better indicator of liquidity than short-term cash forecasts.