The is the time period that elapses firm the point when a from uses the raw materials in manufacturing a finished good to the point when the finished good is sold. average collection period average age of inventory cash conversion cycle cash turnover Which of the following is reason for a firm for repurchasing its shares? To make shares available for cash dividends to help encourage a friendly takeover by increasing the number of publicly traded shares to make shares available for stock option plans to diminish shareholder values by increasing the number of shares outstanding and thereby raising earnings per share Which of the following is true of current assets? They are sources of short - term financing for a firm. They are used to fund long - term operations and pay long - term expenses. The time of conversion of current assets to more liquid form is relatively unpredictable. They are more profitable they add more value to the product than that provided by fi