If a firm maintains a relatively high level of investments in cash and marketable securities, which of the following statements is true? Muitiple Choice The firm is probably following a restrictive shont-term financial policy The firm adds litte to shareholder weath by making these types of investments. The chances of the firm facing financial distress are increased by this policy. The firm likely faces a relatively high level of shortage costs. Buck or Less Stores had a beginning accounts payable balance of $269,000 and an ending accounts payable balance of $327,000. Sales for the period were $3.4 million and costs of goods sold were $2.5 million. What is the payables turnover rate? Multipie Choice 8.39 times 930 times: 10.87 times: A firm has average inventory of $1.250,000, an inventory period of 58 days, a recelvables period of 32 days, and average payables of $810,000. What is its cash cycle? Multiple Choice 48 days 52 doys 58 doys 67 days CreditSales=$175,000COGS=$125,000 How many days are in the receivables period? Multiple Choice 43 days 45 deys A short-term financial policy increases the opportunity cost of hoiding liquid assets: Multiple Choice Flexible. Restrictive: Neutrol. Justrin-time