both please!!

Question 15 1 pts Which of the following statements is incorrect? If carrying costs are larger than shortage costs, then the firm will maximize value by adopting a more restrictive strategy. Current assets are cash and other assets that the firm expects convert into cash in a year or less. The operating cycle is the length of time between the cash outflow for materials and the cash inflow from sales. All the answers are correct except one. Days sales outstanding (DSO) estimates how long it takes on average for the firm to collect its outstanding accounts receivable balances; also called the Average Collection Period (ACP). Question 16 1 pts Which of the following statements is correct? Long term debt and equity in the balance sheet include cash and marketable securities like Treasury securities Operating Cycle - DSI+DSO. Days sales in inventory (DSI) estimates how long it takes on average for the firm to collect its outstanding accounts receivable balances, also called the Average Collection Period (ACP). All the answers are correct. If carrying costs dominate shortage costs, the firm will need to move toward a more flexible policy