Question
The following table presents selected 2020 annual income statement items and balance sheet items for Toyota Motor and Apple. All gures are in millions. Use
The following table presents selected 2020 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 | 29,930,992 | $ 276,015 |
| Cost of goods sold | 24,552,364 | 171,059 |
| Accounts receivable | 8,712,065 | 17,620 |
| Inventory | 2,436,418 | 5,561 |
| Accounts payable | 2,437,780 | 43,796 |
- Calculate the length of the operating cycle for Toyota and Apple.
- Calculate the length of the cash conversion cycle for Toyota and Apple.
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The Handbook For Investment Committee Members
Authors: Russell L. Olson
1st Edition
0471719781, 978-0471719786
