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Question Completion Status: Historicals 2014A Projections 2015A 2016E Fiscal Year Ending Aug-2 2013A $4.026.0 $4,1340 $4,041.0 $3,980.0 2,383.0 2,539.5 2,495.5 2,428.0 $317.5 462.5 164.0 $944.0

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Question Completion Status: Historicals 2014A Projections 2015A 2016E Fiscal Year Ending Aug-2 2013A $4.026.0 $4,1340 $4,041.0 $3,980.0 2,383.0 2,539.5 2,495.5 2,428.0 $317.5 462.5 164.0 $944.0 $335.0 508.0 91.0 $934.0 $323.5 496.5 99.5 $919.5 Q5 Q6 Q7 $903.5 Sales Cost of goods sold (excluding depreciation) Current assets Accounts receivable, net Inventories Other current assets Total non-cash current assets Current liabilities Accounts payable Accrued liabilities Other current liabilities Total non-debt current liabilities Net Working Capital (Increase)/decrease in Net Working Capital $260.0 308.5 59.5 $628.0 $316.0 $263.5 $272.0 276.5 294.5 69.0 65.0 $609.0 $631.5 $325.0 $288.0 Q1 Q2 Q8 Q9 Q 10 $613.0 $290.5 Assumptions Numbers of days in the period 365 Accounts receivable (days collection period) Inventories (days outstanding) Accounts payable (days outstanding) Other current assets (as % of sales) Accrued liabilities (as % of sales) Other current liabilities (as % of sales) Cash Conversion Cycle cell is named "Days" 28.8 29.6 70.8 73.0 Q3 37.9 4.1% 2.2% 7.7% 6.7% 1.5% 1.7% 29.2 72.6 39.8 2.5% 7.3% 1.6% 29.5 72.5 39.5 2.5% 7.3% 1.5% 62.5 59.8 Q4 62.0 Calculate the cash conversion cycle for 2014 140.5 OA 64.7 . Accrued liabilities Other current liabilities Total non-debt current liabilities 308.5 59.5 $628.0 276.5 69.0 $609.0 294.5 65.0 $631.5 $316.0 $325.0 $288.0 Net Working Capital (Increase)/decrease in Net Working Capital Q1 Q2 Assumptions Numbers of days in the period 365 Accounts receivable (days collection period) Inventories (days outstanding) Accounts payable (days outstanding) Other current assets (as % of sales) Accrued liabilities (as % of sales) Other current liabilities (as % of sales) Cash Conversion Cycle cell is named "Days" 28.8 29.6 70.8 73.0 Q3 37.9 29.2 72.6 39.8 7 3: 4.1% 7.7% 1.5% 2.2% 6.7% 1.7% 2.5% 7.3% 1.6% 2.5 7.3 1.59 59.8 Q4 62.0 62. Calculate the cash conversion cycle for 2014. 140.5 B. 64.7 OC 62,7 D. 62,5 Moving to another question will save this response

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