1 Problem 2 2 3 Selected Income Statement Items, 2019 4 in billions USD 5 6 Total Revenue 7 COGS 8 Walmart In Apple Inc. Boeing Co. $514.41 $385.30 $260.17 $16178 $76.56 $72.09 10 in billions USD 9 Selected Balance Sheet Items, end of 2019 11 Walmart In Apple Inc. Boeing Co. 12 Accounts Receivable $6.28 13 Inventory $44.27 14 Accounts Payable $50.47 $45.80 $4.11 $46.24 $12.47 $76.62 $17.38 15 16 a) Using the information above, what is the inventory turnover for the firm? 17 18 Inventory Turnover = COGS/Average Inventory 19 20 ventory Turnover: 21 Walmart In Apple Inc. Boeing Co. 22 b) Based on the information above, what is the length of the production cycle for th Production Cycle = 365/Inventory turnover 23 24 25 26 Production Cycle: 27 Walmart In Apple Inc. Boeing Co. 28 c) What is the accounts receivable turnover for the firm? 29 Receivable Turnover (Credit) sales/Ave AR 30 31 32 ivables Turnover: 33 Walmart In Apple Inc. Boeing Co. 34 d) What is the collection cycle for the firm? 35 36 37 Collection Cycle = 365/ARTO Walmart In Apple Inc. Boeing Co. 38 Collection Cycle: 39 40 e) What is the accounts payable turnover for the firm? 41 AP TO = COGS/Ave AP 42 43 Walmart In Apple Inc. Boeing Co. 44 ayables Turnover: 45 46 f) What is the accounts payable cycle for the firm? 47 AP Cycle = 365/AP TO 48 49 Walmart In Apple Inc. Boeing Co. 50 Payables Cycle: 51 52 g) What is the operating cycle for the firm? 53 54 55 Operating Cycle = production cycle + Collection Cycle 56 Operating Cycle: Walmart In Apple Inc. Boeing Co. 57