Arrange the following sequentially with respect to operating cycle of a manufacturing firm -
A. Payables Deferral Period
B. Finished Goods Conversion Period
C. Raw Material Conversion Period
D. Receivables Conversion Period
E. Work-in-progress Conversion Period
Choose the correct answer from the options given below:
1
A, D, C, E, B
2
C, E, B, D, A
3
B, D, A, E, C
4
D, B, E, A, C