Please, select three publicly traded companies. Download the latest annual reports. Using the information in the annual reports,calculate the cash conversion cycle of each company. Include your steps, along with your results.

Samsung Electronics Co.

Financial Highlights

Fiscal Year
Fiscal Year Ends:	Dec 31
Most Recent Quarter (mrq):	Dec 31, 2015

Profitability
Profit Margin (ttm):	9.32%
Operating Margin (ttm):	13.16%

Management Effectiveness
Return on Assets (ttm):	6.99%
Return on Equity (ttm):	10.98%

Income Statement
Revenue (ttm):	174.97B
Revenue Per Share (ttm):	1,176.59
Qtrly Revenue Growth (yoy):	1.10%
Gross Profit (ttm):	N/A
EBITDA (ttm)6:	40.75B
Net Income Avl to Common (ttm):	16.30B
Diluted EPS (ttm):	108.87
Qtrly Earnings Growth (yoy):	-41.60%

Balance Sheet
Total Cash (mrq):	62.33B
Total Cash Per Share (mrq):	427.08
Total Debt (mrq):	11.23B
Total Debt/Equity (mrq):	7.19
Current Ratio (mrq):	2.47
Book Value Per Share (mrq):	1,025.81

Cash Flow Statement
Operating Cash Flow (ttm):	34.93B
Levered Free Cash Flow (ttm):	5.67B

Apple INC.

Financial Highlights

Fiscal Year
Fiscal Year Ends:	Sep 26
Most Recent Quarter (mrq):	Dec 26, 2015

Profitability
Profit Margin (ttm):	22.87%
Operating Margin (ttm):	30.28%

Management Effectiveness
Return on Assets (ttm):	16.02%
Return on Equity (ttm):	42.71%

Income Statement
Revenue (ttm):	234.99B
Revenue Per Share (ttm):	41.35
Qtrly Revenue Growth (yoy):	1.70%
Gross Profit (ttm):	93.63B
EBITDA (ttm)6:	82.79B
Net Income Avl to Common (ttm):	53.73B
Diluted EPS (ttm):	9.40
Qtrly Earnings Growth (yoy):	1.90%

Balance Sheet
Total Cash (mrq):	38.39B
Total Cash Per Share (mrq):	6.92
Total Debt (mrq):	62.99B
Total Debt/Equity (mrq):	49.11
Current Ratio (mrq):	1.00
Book Value Per Share (mrq):	23.13

Cash Flow Statement
Operating Cash Flow (ttm):	75.01B
Levered Free Cash Flow (ttm):	56.60B

Intel Co.

Financial Highlights

Fiscal Year
Fiscal Year Ends:	Dec 26
Most Recent Quarter (mrq):	Dec 26, 2015

Profitability
Profit Margin (ttm):	20.63%
Operating Margin (ttm):	25.93%

Management Effectiveness
Return on Assets (ttm):	9.20%
Return on Equity (ttm):	19.53%

Income Statement
Revenue (ttm):	55.36B
Revenue Per Share (ttm):	11.67
Qtrly Revenue Growth (yoy):	1.30%
Gross Profit (ttm):	34.68B
EBITDA (ttm)6:	23.07B
Net Income Avl to Common (ttm):	11.42B
Diluted EPS (ttm):	2.33
Qtrly Earnings Growth (yoy):	-1.30%

Balance Sheet
Total Cash (mrq):	25.68B
Total Cash Per Share (mrq):	5.44
Total Debt (mrq):	22.75B
Total Debt/Equity (mrq):	37.24
Current Ratio (mrq):	2.58
Book Value Per Share (mrq):	12.93

Cash Flow Statement
Operating Cash Flow (ttm):	19.02B
Levered Free Cash Flow (ttm):	8.56B