Question
Dillard's is listed on the NYSE so its financial information is readily available. Go online and find its Income Statement and Balance Sheet for 2021
Dillard's is listed on the NYSE so its financial information is readily available. Go online and find its Income Statement and Balance Sheet for 2021 and for 2019. (a) For the financial reports that Dillard's submitted in 2021 and 2019, obtain the following information: Sales/ Revenue Total Cost of Goods Sold Sales & Administrative Expenses Earnings before Income Tax (EBIT) Accounts Receivable Accounts Payable Inventory (b) Using the information you obtained for part (a), figure out the Dillard's days of inventory, days of receivables, days of payables, and the length of their cash conversion cycle for 2021 and 2019. Note that, because Dillard's fiscal year runs from February to January, the data reflects what happened in the previous year. (c) What might explain any changes that you see between the two years? Speculate about possible causes.
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