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Compute Cash Conversion Cycle for Competing Firms Kelloggs Company and General Mills compete in the consumer packaged goods (CPG) sector. Refer to the following 2018
Compute Cash Conversion Cycle for Competing Firms Kelloggs Company and General Mills compete in the consumer packaged goods (CPG) sector. Refer to the following 2018 financial data for the two companies to answer the requirements. $ millions K GIS Total revenue $14,608.0 $16,801.0 Cost of sales and services 9,882.0 10,312.9 Average accounts receivable 1,382.0 2,618.0 Average inventory 2,335.0 1,562.9 Average accounts payable 2,348.0 3,494.0 Note: Complete the entire question in Excel and format each answer to two decimal places. Then enter the answers into the provided spaces below with two decimal places. a. Compute the following measures for both companies. 1. Days sales outstanding (DSO) Company DSO K Answer GIS Answer 2. Days inventory outstandin
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