The average length of time between the purchase of raw materials and labor and the payment of cash for them is called as: O a. Inventory Conversion Period O b. Average Payment Period OC Receivable Collection Period Od. Accounting Period Mr. Ahmed would like to buy securities. Which of the following securities should he not to buy to become the owner of a business? i Debentures ii. Equity Shares iii. Public Deposit iv Bonds Ony Debentures O Only Equity Shares Only Bonds Only Public Deposit The time period, which elapses between the point at which cash is spent on the production of a product, and the collection of cash from the customer is called as: O a Accounting Year O B Accounts Receivable s 9 O d. Operating Cycle Credit Period 5