The operating cycle of a retail company is the length of time between which of the following activities?
A) the purchase of inventory and the sale of the inventory to customers
B) the sale of inventory and the collection of any outstanding receivables from those sales
C) the purchase of inventory and the collection of any outstanding receivables from the sales of those items
D) the purchase of inventory and the time of sending sales invoices to customers
Correct Answer:
Verified
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