- CFA Exams
- CFA Level I Exam
- Topic 3. Corporate Issuers
- Learning Module 4. Working Capital and Liquidity
- Subject 1. Cash Conversion Cycle
CFA Practice Question
The ______ is the period of time between the receipt of inventory and the payment for it.
A. accounts payable period
B. cash cycle
C. operating cycle
Explanation: The cash cycle begins once the inventory is paid for. The period of time between the receipt of inventory and payment for it is just a part of the operating cycle.
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