Question 7 1 pts Which of the following statements is incorrect? Firms using a maturity matching strategy fund all seasonal working capital needs with long-term borrowing. All the answers are correct except one. 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. Question 8 1 pts Which of the following statements is correct? All the answers are correct. Long term debt and equity in the balance sheet include cash and marketable securities like Treasury securities. Revolver credit sale agreement specifies when payment is due and the amount of any discount if early payment is made Shortage costs and carrying costs do not help to determine the optimal investment levels in current assets and thereforethey are not helpful to managers. The cash conversion cycle is the length of time between the cash outflow for materials and the cash inflow from sales