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Question 1 The following table reports the working capital data for selected industries in the UAE Industry Inventory Receivable Payable days Cash conversion days days
Question 1 The following table reports the working capital data for selected industries in the UAE Industry Inventory Receivable Payable days Cash conversion days days cycle days Telecommunication 18 7 77 (52) Manufacturing 45 55 60 Retail and Trade 61 28 54 35 Pharmaceuticals 92 52 61 83 40 Answer questions (a) and (b) using the data shown above. a. Discuss how efficient are the industries in managing their working capital (4 pts) b. Discuss how an increase or a decrease of the Account receivables impact the cash conversion cycle of TT T Arial 3 (12pt) T. 4
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