Question: (TRUE or FALSE?) The operating cycle is the time between payment for inventory and receipt from the sale of inventory. (TRUE or FALSE?) Long-term debt

(TRUE or FALSE?) The operating cycle is the time between payment for inventory and receipt from the sale of inventory.

(TRUE or FALSE?) Long-term debt and equity are obligations that the firm expects to pay off in a year or less.

(TRUE or FALSE?) The restrictive short-term financial policy promotes a liberal trade credit policy for customers.

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