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The following table presents selected 2 0 2 0 annual income statement items and balance sheet items for Toyota Motor and Apple. All gures are
The following table presents selected annual income statement items and balance sheet items for Toyota Motor and Apple. All gures are in millions. Use the information to answer the questions that follow. Toyota Apple Sales $ Cost of goods sold Accounts receivable Inventory Accounts payable Calculate the length of the operating cycle for Toyota and Apple. Calculate the length of the cash conversion cycle for Toyota and Apple.The following table presents selected annual income statement items and balance sheet items for Toyota Motor and Apple. All figures are in millions. Use the information to answer the questions that follow. a Calculate the length of the operating cycle for Toyota and Apple. b Calculate the length of the cash conversion cycle for Toyota and Apple. Note: Negative value should be indicated by parentheses. Round your answers to decimal place.
The following table presents selected annual income statement items and balance sheet items for Toyota Motor and Apple. All gures are in millions. Use the information to answer the questions that follow.
Toyota Apple
Sales $
Cost of goods sold
Accounts receivable
Inventory
Accounts payable
Calculate the length of the operating cycle for Toyota and Apple.
Calculate the length of the cash conversion cycle for Toyota and Apple.The following table presents selected annual income statement items and balance sheet items for Toyota
Motor and Apple. All figures are in millions. Use the information to answer the questions that follow.
a Calculate the length of the operating cycle for Toyota and Apple.
b Calculate the length of the cash conversion cycle for Toyota and Apple.
Note: Negative value should be indicated by parentheses. Round your answers to decimal place.
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