"Different products have different operating cycles." Identify the correct reason for the same.

If the lead time takes longer then the cycle will be longer If the demand is not uniform the cycle will be longer If the cash conversion takes longer then the cycle will be longer If the items are perishable in nature the cycle will be longer

If the cash conversion takes longer then the cycle will be longer

The correct answer is option (3) - If the cash conversion takes longer then the cycle will be longer