Answer :
The length of an operating cycle is the time it takes to turn cash into inventory, then inventory into accounts receivable, and then accounts receivable back into cash. This statement is True. Option A
This is further explained below.
What is an operating cycle?
Generally, The amount of time it takes for a corporation to acquire things, sell those items, and earn income from the sale of those goods is referred to as an operational cycle.
In conclusion, The amount of time it takes to convert cash into inventory, then inventory into accounts receivable, and finally accounts receivable back into cash is what we mean when we talk about the duration of an operational cycle. This characterization is correct.
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CQ
The length of an operating cycle is the time it takes to turn cash into inventory, then inventory into accounts receivable, and then accounts receivable back into cash. This statement is?.
TRue or False