Cash Conversion Cycle and Working Capital What is the cash conversion cycle (CCC)? Explain the cash conversion cycle (Figure 16-1) in your text, Fundamentals of Financial Management. Choose any public company with inventory, receivables, and accounts payable on its balance sheet and calculate the CCC for that company. Do not use a company already selected by another student. Make sure you show all your calculations. (You may need to revisit Chapter 4 of your text to review how to calculate financial ratios.)

I have chosen Walmart but was unable to upload the image.

http://www.walmartstores.com/sites/annual-report/2012/WalMart_AR.pdf