Answer all and briefly explain.

The conversion of current assets _____ from cash to inventory provides the cash to pay long term liabilities from inventory to receivables to provides the cash to buy equipment from inventory to receivables to cash provides the cash used to pay current liabilities from cash to receivables provides the cash used to repurchase stock Current liabilities can be viewed as ______. debts that mature in a period of one year or less liabilities which represent a firm's long-term financing sources of cash inflows from the operating activities of a firm funds used to finance the noncurrent assets' portion of a firm In working capital management, risk is measured by the probability that a firm will be ______ unable to pay annual dividends stockholders unable to pay its bills as they come due unable to repay its long-term obligations unable to earn profits from day-to-day operations The ____ of a firm is the amount of time required for a company to convert cash invested in its operations to cash received as a result of its operations. cash turnover cash conversion cycle average age of inventory average collection period