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1. Explain the meaning of the cash conversion cycle (CCC) - dont give the formula, explain in words! 2. What does it mean if CCC

image text in transcribed 1. Explain the meaning of the cash conversion cycle (CCC) - dont give the formula, explain in words!

2. What does it mean if CCC is positive vs negative?

3. Compare the cash conversion cycle to each of Target's competitors (is Target better or worse?)

Cash conversion cycle = Average inventory processing period + Average receivable collection period-Average payables payment period =60+460=4for1/28/2023

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