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 28,734,780 $ 275,015

Cost of goods sold $24,532,364 $170,059

Accounts receivable $8,710,065 $16,620

Inventory 2,435,418 4,561

Accounts payable 2,435,380 42,796

Calculate the length of the operating cycle for Toyota and Apple.

Calculate the length of the cash conversion cycle for Toyota and Apple.

Toyota Apple

operating cycle cash conversion ? days ? days

cash conversion cycle conversion cycle ? days ? days