Which of the following is NOT an advantage of a firm repurchasing their own public shares?

Signals that the firm has poor investment opportunities

Stockholders can choose to tender their shares or not

Helps avoid a high dividend that cannot be maintained

Signals that management thinks shares are undervalued

Removes a large block overhang that could depress share price

Cash Conversion Cycle calculation:?

Inventory conversion period + Average collection period Payables deferral period

Inventory Conversion + DSO - DPO

Inventory / (COGS/365) + Receivable / (Sales/365) Payables / (COGS/365)

None of the Above

Answers A, B, and C

The company with the BEST Cash Conversion Cycle from the list below, which is a SOURCE of cash:?

Wal-Mart at +6

Apple at -76

Pepsi at -12

HP at -31

Macys at +42