1. which of the following balance sheet items generally takes the
1. Which of the following balance sheet items generally takes the longest time to convert to cash? (a). accounts receivable (b). marketable securities (c). inventory (d). accounts payable 2. A firm’s net income may be greater than its net cash flows because the firm (a). did not pay dividends (b). sold merchandise on credit (c). deferred income taxes (d). deducted depreciation expense 3. […]