Compute Cash Conversion Cycle for Competing Firms Halliburton and Schlumberger compete in the oil field services sector. Refer to the following 2018 financial data for the two companies to answer the requirements. $ millions Total revenue Cost of sales and services Average accounts receivable HAL SLB $23,995 $32,815 21,009 28,478 5,135 7,983 Average inventory 2,712 4,028 Average accounts payable 2,786 10,130 a. Compute the following measures for both companies. Note: Do not round until your final answer. Note: Round your final answers to one decimal place (for example, enter 6.8 for 6.77555). HAL SLB 1. Days sales outstanding (DSO) 78.1 88.8 2. Days inventory outstanding (DIO) 47.1 51.6 3. Days payables outstanding (DPO) 4. Cash conversion cycle (CCC) 48.4 129.8 76.8 10.6 b. Which company better manages its accounts receivable? HAL c. Which company uses inventory more efficiently? HAL d. Which company better manages its accounts payable? SLB +