Which of the following statements is correct? O If carrying costs dominate shortage costs, the firm will need to move toward a more flexible policy. O The restrictive current asset investment strategy promotes a liberal trade credit policy for customers. O Revolver credit sale agreement specifies when payment is due and the amount of any discount if early payment is made. The cash conversion cycle represents the length of time between the cash outflow for materials and the cash inflow from sales. O All the answers are correct