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Using the partially completed chart below and assuming DIH in 2017 was 129.0 days, the Operating Cycle deteriorated from 2016 to 2017 and in both

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Using the partially completed chart below and assuming DIH in 2017 was 129.0 days, the Operating Cycle deteriorated from 2016 to 2017 and in both years was inferior to that of the average firm in the industry. Firm Industry 2017 99 DIH 2016 129.8 64.2 61.8 70.0 49 45 63.5 DSO DPO Operating Cycle Cash Conversion Cycle 148 103 False True

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