Which of the following statements is incorrect? Group of answer choices
A restrictive current asset investment strategy calls for tight terms of sale intended to curb credit sales and accounts receivable.
Cash Conversion Cycle = DSI + DPO - DSO.
Under revolving credit type of agreement, the bank has a legal obligation to lend an amount of money up to a pre-set limit; the firm pays a yearly fee in addition to the interest expense on the amount they borrow.
All the answers are correct except one.
Under the restrictive current asset management strategy, the current assets are kept at a minimum.