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Calculate the Cash Conversion Cycle for the most recent 4 quarters for the following firms: Home Depot. 4 Net sales 5 Cost of sales 6

Calculate the Cash Conversion Cycle for the most recent 4 quarters for the following firms:

Home Depot.

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4 Net sales 5 Cost of sales 6 Gross profit 110,225,000 72,653,000 37,572,000 365 $ 365 $ 301,986.30 199,049.32 DIO DSO DPO 11 As Reported Annual Balance Sheet 14 Cash & cash equivalents 15 Receivables, net 16 Merchandise inventories 17 Other current assets 18 Total current assets 19 Land 20 Buildings 21 Furniture, fixtures & equipment 22 Leasehold improvements 23 Construction in progress 24 Finance leases 25 Property & equipment, at cost 26 Less: accumulated depreciation & amortization 27 Net property & equipment 28 Operating lease right-of-use assets 29 Goodwill 30 Other assets 31 Total assets 32 Short-term debt 33 Accounts payable 34 Accrued salaries & related expenses 35 Sales taxes payable 36 Deferred revenue 37 Income taxes payable 38 Current installments of long-term debt 39 Current operating lease liabilities 40 Other accrued expenses 41 Total current liabilities 42 Senior notes 43 Finance lease obligations 44 Other long-term debt 45 Total debt 46 Less: current installments 47 Long-term debt, excluding current installments 48 Long-term operating lease liabilities 49 Deferred income taxes 50 Other long-term liabilities 51 Total liabilities 52 Common stock 53 Paid-in capital 54 Retained earnings 55 Accumulated other comprehensive income (loss) 56 Treasury stock 57 Total stockholders' equity (deficit) 2, 133,000 2,106,000 14,531,000 1,040,000 19,810,000 8,390,000 18,432,000 13,666,000 1,789,000 1,005,000 1,578,000 44,860,000 22,090,000 22, 770,000 5,595,000 2,254,000 807,000 51,236,000 974,000 7,787,000 1,494,000 605,000 2,116,000 55,000 1,839,000 828,000 2,677,000 18,375,000 29, 344,000 1,165,000 30,509,000 1,839,000 28,670,000 5,066,000 706,000 1,535,000 54,352,000 89,000 11,001,000 51,729,000 -739,000 65, 196,000 -3,116,000

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