Which of the Following Statements Is False

Multiple Choice

Which of the following statements is false?

A) A business's operating cycle is the average time a company takes to buy inventory, sell that inventory, and collect cash from customers.
B) Operating cycles can be shorter or longer than one year.
C) A current asset is cash or any other asset that will be converted into cash, sold, or used up within the next year.
D) Cash and inventory are current assets.
E) Current assets are listed in descending order of liquidity.