Identify the false statement(s):

Select one:

A. Generally speaking, the calculation of operating cycle in days is meant to represent the approximate time from the acquisition of inventory and the collection of cash from selling the inventory.

B. The price to earnings ratio (P/E ratio) relates the prices a company charges for its products to the companys earnings.

C. The P/E ratio is a unitless number.

D. Times Interest Earned (TIE) indicates a firms long-term debt-paying ability from the income statement point of view.

E. Changes in the variable costs of production could have a significant impact on the Gross Profit Margin.