QUESTION 15 The BAT model O assumes cash is replenished when the cash level falls to its average balance. computes the fixed costs of securities trading based on the current U.S. Treasury bill rate. ignores the opportunity costs of holding cash. accounts for daily fluctuations in cash outflows. can be used to determine the target cash balance for a firm QUESTION 13 A company has an inventory period of 26.4 days an accounts payable period of 42 5 days, and an accounts receivable period of 34.4 days. What is the company's operating cycle? O 345 days 60.8 days 50.5 days 18.3 days 103 3 days