Which of the following is NOT true of the cash conversion cycle?

Question 36 options:

	It is the net period from the start of cash outflow for producing a product or service until the associated cash inflow materializes from the sale of that product or service.
	Cash Conversion Cycle = Production Cycle + Collection Cycle - Payment Cycle
	Cash Conversion Cycle = Production Cycle + Collection Cycle + Payment Cycle
	The cash conversion cycle essentially measures how quickly a company can convert its products or services into cash.