Which of the Following Statements Is Correct? the Operating Cycle

Multiple Choice

Which of the following statements is correct? The operating cycle is calculated as:

A) The average trade receivables period + the average trade receivables period + the average trade payables period
B) The average trade receivables period + the average trade payables period - the average inventory period
C) The average inventory turnover period - the average trade payables period - the average trade receivables period
D) The average inventory turnover period + the average trade receivables period - the average trade payables period