Question

With respect to working capital operating cycle, which of the following statement is incorrect?

A The net operating cycle represents the time interval for which the firm has to negotiate for working capital from its bankers
B The duration of working capital cycle may not vary depending on the nature of the business but it will always remain same for all type of businesses.
C The length of operating cycle is the indicator of performance of management
D The determination of operating cycle helps in the forecast, control and management of working capital
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