QUESTION 19 Below is some information from Delta airlines' financial statements: Sales 345,000 COGS 167,000 Account receivable 21,500 Accounts payable 52,789 Inventory 3,500 Using this information calculate the company's cash conversion cycle QUESTION 20 Microsoft invests in google by buying shares worth $50 million, this is an example of: O Capital budgeting O Capital structure Working capital O Project appraisal 2 Question Completion Status: QUESTION 17 Which of the following statements is false about inventory management? O A method that categorizes inventory based on their criticalness can be known as the ABC method. O The Economic Order Quantity method (EOQ) measures the optimal inventory sizes that should be ordered at once to have a more efficient and minimal inventory cost. The Just-In-Time method (JIT) orders surplus inventory to avoid a stock-out problem. O All of the above are true. QUESTION 18 In regards to cash management it is believed that: O It is important to hold cash to meet day to day cash transaction needs. 4 One of the costs of holding cash is the loss of possible investment opportunities. O Holding cash is useful in case of unexpected emergencies. All of the above are true