Consider additional data for Archer-Daniels-Midland for fiscal years ending June 30, 2010 and 2011, in millions:

Fiscal Year End

(in millions) June 30, 2011 June 30, 2010

Sales $80,676 $61,682

Cost of goods sold $76,376 $57,839

Fiscal Year End

(in millions) June 30, 2011 June 30, 2010

Accounts receivable $9,816 $6,122

Inventories $12,055 $7,871

Accounts payable $11,165 $8,115

1. Calculate the DSO, DIO, and DPO for fiscal years ending June 30, 2010, and 2011.

2. How do the operating and cash conversion cycles compare for 2010 and 2011 with fiscal years ending in 2008 and 2009? What has changed and why?

This is a complete question. Hence, there is no additional information for 2008 and 2009.