Use the income statement and balance sheet to compute rate of inventory turnover and days inventory outstanding. Begin by listing formula and then amounts to calculate inventory turnover.

Select formula and then calculate days inventory outstanding. Use 365 day year.

Use income statement and balance sheet to compute days sales in average receivables.

List the formula and then enter the amounts to calculate days sales in outstanding DSO. Use a 365 day years. Enter amounts in millions. Round interim calculations.

Use the 2012 income statement and balance sheet to compute accounts payable turnover and payables outstanding. Enter amounts in millions.

Now list the formula and then enter the amounts to calculate days payable: outstanding DPO. Use a 365 day year. Round your final answer to the nearest whole number.

d. Use the 2012 income statement and balance sheet to compute the length of cash conversion cycle in days.