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Which of the following statements is incorrect? Firms using a maturity matching strategy fund all seasonal working capital needs with short- term borrowing Financial managers
Which of the following statements is incorrect? Firms using a maturity matching strategy fund all seasonal working capital needs with short- term borrowing Financial managers need to balance shortage costs against carrying costs to find an optimal management strategy All the answers are correct except one. Cash Conversion Cycle - DSI+DSO - DPO. Commercial paper is a promissory note issued by small firms that have low credit ratings
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