A. Calculate the cash conversion cycle for IMC for both 2012 and 2013. What change has occurred if any? A else being equal, how does this change affect need for cash

B. IMC's suppliers offer terms of net 30. Does it appear that IMC is doing a good job of managing its accounts payable? (Hint: use a 365 -day year)

Use the financial statements suppliod here for the international Motor Corporation (ivc) to answer the following quiestons. a. Calculate the cash conversion cycle for IMC for both 2012 and 2013 What change has occiered if any? Al else beng equat, how does this change atuict incis need lot cash? b. IMC's suppliers offer terms of net 30 . Does it appear that IMC is doing a good job of nansging its accounts pwable? (thint use a 365 -day year.) The cash cowertan cycle (CCC) for 2012 is days (Round to one decimal place) INTERNATIONAL MOTOR CORPORATION INCOME STATEMENT (in millions) for the years ending December 31 INTERNATIONAL MOTOR CORPORATION BALANCE SHEET (in millions) as of December 31