Three years of annual financial data are necessary to calculate the operating cycle and cash conversion cycle for each firm for each year.

The two firms are Toyota and Volkswagon.

Calculations in Excel of the inventory conversion period, days sales outstanding, and payables deferral period. This should include the turnover ratios for accounts receivable, inventory, and accounts payable and the operating and cash conversion cycles.

A. What is the necessary financial data to perform the calculations?

B. What is the inventory conversion period, days sales outstanding, and payables deferral period for Toyota and Volkswagon? (Including the turnover ratios for AR, Inventory, and AP)

C. What are the operating cycles (2020-2022) for both firms and the cash conversion cycle for both firms?