If the firm grants a customer credit period that is longer than the customers operating cycle, then which of the following is most likely to be true:

A) the customers cash cycle can be negative

B) the customer pays for its inventory before it receives payments for its sales

C) the firm can avoid paying corporate taxes on earnings retained as cash.

D) the firms cash cycle is longer than its operating cycle.

E) the firms future cash flows will increase at a steady rate.