Competitors' operating information may be used as one of the useful references to forecast a venture's sales. Question 2 ( 1.5 points) Which statement is correct? One option to reduce the cash conversion cycle is to reduce the amount of A/P. As the operating cycle goes down, the cash conversion cycle alsid goes down. As the days payable is getting longer, the cash conversion cycle also becomes longer. For the purpose of cash conversion cycle, new ventures prefer to have more inventory and less amount of payable. The operating cycle might be greater than or less than the cash conversion cycle