Question 6 1 pts Which of the following statements is incorrect? All the answers are correct except one. 88 Firms using a maturity matching strategy fund all seasonal working capital needs with long-term borrowing. W Operating Cycle - DSI+DSO. Day's payables outstanding (DPO) is computed as number of days in a year divided by accounts payable turnover. Payables represent the amount owed to the firm's vendors and suppliers for materials purchased on credit Oct 09 D Question 7 1 pts Which of the following statements is correct? Under the maturity matching strategy, a firm funds all seasonal working capital needs with long-term borrowing, The flexible current asset management strategy calls for management to invest large amounts in cash, short-term investments, and inventory. All the answers are correct. Net fixed assets are cash and other assets that the firm expects convert into cash in a year or less. The downside of restrictive current asset management strategy is the high carrying cost associated with owning a high level of inventory and providing liberal credit terms to customers