Question 3 Which of the following statements is CORRECT regarding cash conversion cycle? A. Other things held constant, it is better to have a relatively short than a relatively long cash conversion cycle. B. Net working capital is defined as current assets plus current liabilities. C. Other things held constant, the length of the cash conversion cycle has no effect on a firms profitability. D. Other things held constant, the length of the cash conversion cycle might have an effect on a firms profitability, but it is impossible to state if that effect is positive or negative.