Which statement is true?
a A decrease in the accounts receivable turnover rate decreases the cash cycle.
b Paying a supplier within the discount period rather than waiting until the end of the normal credit period will decrease the cash cycle.
c The number of days in the cash cycle can be positive, negative, or equal to zero.
d An increase in the inventory turnover rate must increase the cash cycle.
e The payables period must be shorter than the receivables period.