True or false for each of the following statement:

1. The cost of capital for a firm is a weighted average of the costs of the different types of financing used by the firm.

2. Accounting balance sheets reflect book values.

3. The current cost of debt for a publicly traded bond is derived from its yield to maturity calculation.

4. Long-term debt refers to debt borrowing set to mature in less than one year.

5. Cash Conversion Cycle = Operating Cycle - DPO.