management of a firm's investment

Net working capital refers to which of the following? current assets divided by current liabilities current assets minus current liabilities cash, accounts receivable, and inventory current assets plus current liabilities notes payable, account, and accounts payable Notes payable is a spontaneous source of financing. True False The hedging principle is used to address the issue of how much short-seem financing a firm should use. True False A cash conversion cycle of -5 days is better than a cash conversion cycle of 50 days. True False What is the primary advantage of a firm that is able to issue commercial paper to finance its short-term assets? Commercial paper does not need to be repaid. Interest rates on commercial paper are generally lower than rates on bank loans. Commercial paper is guaranteed by the Federal Government Commercial paper provides greater flexibility in terms of repayment