Remaining Time: 1 hour, 26 minutes, 49 seconds. Question completion Status: The following Tables present the summary of the balance sheet and income statement items of IBM Company. All values are in millions dollars. A Balance sheet Items Cash Marketable securities Account receivables Inventory Prepaid expenses Net Fixed Assets Investment in AB Co stocks Account payables Wages and salaries payable Bond payable (10 yrs.) Notes payable (3 yrs.) Total shareholders' Equity Capital 2019 8,313 696 23,795 1,619 3.997 96.457 17,309 24,600 13.101 54,102 39,398 20.985 2018 11.60+ 618 30,563 1,682 4.678 68.764 5.473 21,372 16,855 35.605 32.621 16,929 B. Income statement Items Revenues Cost of goods sold Salaries & benefits Rent & other expenses Deprecation Interest Taxes (239) Net Income 2019 77,147 40.659 11,786 4,412 8.780 1,344 731 9.435 2018 79,591 42,655 13,197 5,000 6,674 723 2,619 8723 Required? A Compute and interpret the cash conversion cycle of the IBM Company in 2019. (5 pts) B. Suppose that the average cash conversion cycle for the technology industry is 65 days. How efficient is IBM company in managing its working capital compared to the industry (2 pts)