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 31,095,245 $ 278,515 Cost of goods sold 24,602,364 173,559 Accounts receivable 8,717,065 20,120 Inventory 2,438,918 8,061 Accounts payable 2,443,780 46,296 Calculate the length of the operating cycle for Toyota and Apple. Calculate the length of the cash conversion cycle for Toyota and Apple. Note: Negative value should be indicated by parentheses. Round your answers to 1 decimal place.

Please use the shown numbers and not a previously submitted answer.

The following table presents selected 2020 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 1 decimal place