Question: The operating cycle is the period from inventory purchase until the receipt of cash. Different company characteristics generally define the type of operating cycle that

The operating cycle is the period from inventory purchase until the receipt of cash. Different company characteristics generally define the type of operating cycle that a firm experiences. Five different types of companies are: 1) A convenience store, 2) A furniture store, 3) A car manufacturer, 4) A bookstore, and 5) An oil-field drilling equipment company. Of the companies listed, select the one you believe would have: 1) The longest operating cycle, 2) The shortest operating cycle, 3) The most unpredictable operating cycle, and 4) The operating cycle most susceptible to changes in payment terms.

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