Question 1:

The strategic plan does NOT identify:

A. future mergers, alliances, and divestitures

B. major areas of investment in real assets.

C. working capital strategies.

D. the lines of business a firm will complete in.

Question 2:

You are provided the following working capital information for the Ridge Company:

Ridge Company
Account	$
Inventory	$12,890
Accounts receivable	12,800
Accounts payable	12,670
Net sales	$124,589
Cost of goods sold	99,630

Cash conversion cycle: What is the cash conversion cycle for Ridge Company?

38.3 days

129.9 days

83.5 days

46.4 days