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Assignment 2 - Chapter 2 i 6 The following table presents selected 2020 annual income statement items and balance sheet items for Toyota Motor
Assignment 2 - Chapter 2 i 6 The following table presents selected 2020 annual income statement items and balance sheet items for Toyota Motor and Apple. All figures are in millions. Use the information to answer the questions that follow. Apple 10 points eBook Sales Cost of goods sold Accounts receivable Inventory Accounts payable Toyota 31,097,245 24,662,364 $ 281,515 176,559 8,723,065 2,441,918 23,120 11,061 49,296 2,450,980 a. Calculate the length of the operating cycle for Toyota and Apple. b. Calculate the length of the cash conversion cycle for Toyota and Apple. References Note: Negative value should be indicated by parentheses. Round your answers to 1 decimal place. a. operating cycle cash conversion cycle b. cash conversion cycle conversion cycle Toyota days Apple days days days
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