1. Which of the following is a false statement? Risky investments may produce large losses. The coefficient of variation is a risk measure. Risky investments may produce large gains. Risk-averse investors cannot be induced to invest in risky assets.
2. Cass & Company has the following data. What is the firm's cash conversion cycle?
Inventory Conversion Period = 47 days
Receivables Collection Period = 17 days
Payables Deferral Period = 25 days