Indicate whether each of the following statements is true or false.
_____ a)Other things being equal,an operating cycle of 49 days is more desirable than an operating cycle of 120 days.
_____ b)The operating cycle is longer for a winery than a fast-food restaurant.
_____ c)The length of an operating cycle is not relevant to the profitability of a business.
_____ d)The length of an operating cycle equals the average days to collect accounts receivable.
_____ e)The length of an operating cycle is computed by adding the sum of the average days in inventory and the average number of days to collect accounts receivable.

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The Answer of Indicate whether each of the following statements is true or false.
_____ a)Other things being equal,an operating cycle of 49 days is more desirable than an operating cycle of 120 days.
_____ b)The operating cycle is longer for a winery than a fast-food restaurant.
_____ c)The length of an operating cycle is not relevant to the profitability of a business.
_____ d)The length of an operating cycle equals the average days to collect accounts receivable.
_____ e)The length of an operating cycle is computed by adding the sum of the average days in inventory and the average number of days to collect accounts receivable.

Indicate Whether Each of the Following Statements Is True or False