Which one is not correct statement?

Group of answer choices

In general, cash conversion cycle is longer than operating cycle since a venture needs to wait until actual cash comes in

The time it takes to purchase raw materials, assemble a product, book a sale, and collect on it is called operating cycle

Short-term financial planning involves projecting monthly for one year or less

Cash build is the amount the firm receives on its sales

Leverage ratios measure the extent to which the venture is in debt and its ability to repay the debt