Question 11 (1 point) Jerome Industries has inventory days of 48, accounts receivable days of 21, and accounts payable days of 30. What is its cash conversion cycle? 1) 39 days O2) 57 days 3) 69 days 4) 72 days Question 12 (1 point) Which of the following investments offered the lowest overall return over the past fifty years? 1) S&P/TSX Composite Index O2) Treasury Bills 3) Corporate bonds 4) Long-Term Government of Canada bonds Question 13 (1 point) What is the ultimate goal of the capital budgeting process? 1) to determine how the consequences of making a particular decision affects the firms revenues and costs 2) to list the projects and investments that a company plans to undertake in the future 3) forecast the consequences of a list of future projects to the firm 4) to determine the effect of the decision to accept or reject a project on the firms cash flows Question 14 (1 point) Your investment portfolio contains 200 shares of RBC and 450 shares of Air Canada The price of RBC is currently $92 per share, and the price of Air Canada is currently $11 per share. If you expect the return on RBC to be 6% in the next year, and the return on Air Canada to be 8%, what is the expected return for your portfolio? 1) 6.4% 2) 7% 3) 6% 4) 8% Question 15 (1 point) Who is typically responsible for the day-to-day running of a corporation? 1) the shareholders 2) the board of directors 3) the management team 4) the sole proprietor