Current year information for Samsung and Google follows. Required 1. Compute the cash conversion cycle for both
Question:
Current year information for Samsung and Google follows.
Required
1. Compute the cash conversion cycle for both Samsung and Google for the current year.
2. Which company, Samsung or Google, was more effective at managing cash in the current year?
Transcribed Image Text:
$ millions Samsung Google Accounts receivable, net ... $ 30,144 $ 25,326 Net sales 197,691 161,857 Inventory...... 22,966 999 Cost of goods sold . 126,336 71,896 Accounts payable.... 7,480 5,561
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