QUESTION 9

Which of the following statements are true? I) Operating liabilities are non-interest bearing, so firms should try to maximize the financing of their assets with these sources of funds. II) Inventory and accounts payable is negatively related. III) Accrued liabilities can facilitate managers to shift the income among periods. IV) Management prefers to have a higher accounts payable turnover ratio.

		All of them
		Only I and IV
		Only I and III
		Only I, II, and III
		Only I, III,and IV