_{TRUE OR FALSE}

19) An interesting fact about commerce in America is that we tend to see very few differences in the age of accounts receivable across industries.

21) The average working capital gap seems to differ across industries in the United States.

22) For a retail firm, it is unlikely that the working capital gap would change from period to period as a function of cyclical sales.

24) Empirical evidence suggests that retail firms such as Safeway have a shorter working capital gap than a heavy manufacturing firm such as Boeing.

26) Managing inventory involves trading off the benefits of availability with various financial concerns such as storage, insurance, and obsolescence.