- CFA Exams
- 2021 CFA Level I Exam
- Study Session 11. Corporate Finance (2)
- Reading 35. Working Capital Management
- Subject 1. Managing and Measuring Liquidity
CFA Practice Question
True or False? The longer the cash cycle, the more financing a firm requires.
Correct Answer: True
This means the firm has a longer period between its cash outflows and its cash inflows, meaning this difference must be financed.
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