When dealing with relevant periods in each company, such as the reception of inventory from suppliers, the reception of cash from clients or the payment of cash to suppliers, we define two relevant periods expressed in days, the operating cycle and the net operating cycle, what is the main difference between both cycles?

• a) The net operating cycle subtracts the number of days of inventory (DOH).

• b) The net operating cycle subtracts the number of days of payables (DPO).

• c) The net operating cycle subtracts the number of days of receivables (DSO).