Which of the following statements is incorrect? O All permanent working capital and fixed assets are funded with long-term debt when firms use a maturity matching strategy. O Current assets are cash and other assets that the firm expects convert into cash in a year or less. O Firms using a maturity matching strategy fund all seasonal working capital needs with long-term borrowing. O The cash conversion cycle does not start until the firm actually pays for its inventory. O All the answers are correct except one