Inventory turnover ratio is 5 times, accounts receivable turnover is 8 times, account payable turnover is 3 times. What is the operating cycle? What is the cash cycle?
A) Operating Cycle: 8 days, Cash Cycle: 3 days
B) Operating Cycle: 16 days, Cash Cycle: 3 days
C) Operating Cycle: 16 days, Cash Cycle: 5 days
D) Operating Cycle: 8 days, Cash Cycle: 5 days
