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In fiscal 2010 and 2011 Caterpillars financial statements included the following items. What was Caterpillars cash conversion cycle? $ millions 2010 2011 Inventory $9,587 $14,544

In fiscal 2010 and 2011 Caterpillars financial statements included the following items. What was Caterpillars cash conversion cycle?

	$ millions
	2010	2011
Inventory	$9,587	$14,544
Receivables	16,899	18,149
Payables	5,856	8,161
Credit Sales	42,588	60,138
Cost of goods sold	28,799	40,831

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