Q. You are required to download the financial statement of any firm of your choice in the "Textile" sector of Pakistan for the year 2019, and compute the cash conversion cycle based on the financial information in the financial statements.

* Compare the inventory conversion, average collection, and payable deferral period with the Textile industry average. Assume that the industry average of "Textile" sector is:

Inventory conversion period = 35 Days

Average collection period= 35 Days

Average Payable period is = 90 Days