Consider the following statements

I. The DuPont System helps analysts understand how a firms decisions and activities over an accounting period interact to produce return on equity.

II. The cash conversion cycle of a firm can be improved by decreasing each of days inventory held, days payable outstanding, and the average accounts receivable collection period.

A. Only Statement I is true.

B. Only Statement II is true.

C. Both Statements I and II are true.

D. Both Statements I and II are false.