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2. Which of the following are true? A. Operating cycle equals average age of inventory plus average payment period B. Cash conversion cycle equals operating

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2. Which of the following are true? A. Operating cycle equals average age of inventory plus average payment period B. Cash conversion cycle equals operating cycle plus average collection period C. Cash conversion cycle equals operating cycle minus average payment period D. Average age of inventory equals operating cycle plus average collection period E. None of the above

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