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Question 19. 19. Which of the following is/are TRUE? I. A firm's cash conversion cycle is equal to its operating cycle minus its payables deferrable

Question 19.19. Which of the following is/are TRUE? I. A firm's cash conversion cycle is equal to its operating cycle minus its payables deferrable period. II. Under a conservative approach to working capital management, a firm tends to hold a relatively large proportion of its total assets in the form of current assets. (Points : 3.4)

I only II only Both I and II Neither I nor II

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