The Cash Conversion Cycle Refers to The

The cash conversion cycle refers to the:

A) length of time from the payment for the purchase of raw materials to manufacture a product until the collection of accounts receivable associated with the sale of the product.
B) average length of time between the purchase of raw materials and labor and the payment of cash for them.
C) amount of time a product remains in inventory in various stages of completion.
D) time it takes to collect cash following a sale.
E) time taken to convert all long-term assets to cash.