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Name: Example 2012 2013 2014 HPQ Days Sales Outstanding Days Inventory Days Payables Outstanding AAPL Days Sales Outstanding Days Inventory Days Payables Outstanding 52.51 52.46 48.65 27.27 26.12 26.81 55.51 57.82 64.37 19.01 25.66 30.51 3.26 4.37 6.3 74.54 74.39 85.45 Calculate and analyze the cash conversion cycle for Hewlett-Packard (NYSE: HPQ) and Apple, Inc. (NYSE: AAPL) based on the information given above (as obtained from Morningstar)