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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

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 HAL SLB
Total revenue $23,035 $31,502
Cost of sales and services 20,169 27,339
Average accounts receivable 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)
2. Days inventory outstanding (DIO)
3. Days payables outstanding (DPO)
4. Cash conversion cycle (CCC)

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