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The length of the operating cycle is equal to the length of the I. Inventory conversion period. II. Receivables conversion period. a. Only statement I
The length of the operating cycle is equal to the length of the
I. Inventory conversion period.
II. Receivables conversion period.
a. Only statement I is correct.
b. Only statement II is correct.
c. Both statements I and II are correct.
d. Neither statement I nor II is correct.
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