Fill in the highlighted areas and then evaluate the cash conversion cycles for these two firms. Look for any trends for the individual companies, then compare the results for each firm.

FINANCIAL STATEMENTS Income Statement Revenue (5 million) Cost of Goods Sold Net Receivables Inventories Assets Accounts Payable 2018 71,309 48,401 2017 68,619 45,210 Lowes 2016 65,017 42,533 2015 59,074 38,504 2014 56,223 36,665 108,203 71,043 1,936 13,925 7,755 Home Depot 2017 2016 200,904 94,595 66,548 62,282 1,952 2,029 12,748 12,549 7,244 7,000 2015 88,519 58,254 1,890 11,809 6.565 2014 83,176 54,222 1484 11,079 5,807 12,561 8,279 11,393 6500 6,590 10,458 6.651 9.458 ,633 8,911 5.124 5 One Day's Sales One Day's Cost of Goods Sold Days of Inventory Days of Receivables Days of Payables Operating Cycle Cash Conversion Cyde Note: The Oin the Net Receivables row for Lowes is not a typo. Lowes sells all of its receivables and thus they transfer all of the credit risk to a bank. The bank manages the accounts receivable and receives a portion of the face value as compensation