V. You have obtained the following information for a number of retail outlets. 2018 - $ - millions Samsan Tech SandBox Nature and Morning Sales 315,654 52,620 52,935 Cost of Sales 240,391 34,927 46,347 Accounts Receivable 2,662 5,666 400 Inventory 32,191 5,838 4,015 Accounts Payable 25,373 6,268 4,214

2018 - $ - millions	Samsan Tech	SandBox	Nature and Morning
Sales	315,654	52,620	52,935
Cost of Sales	240,391	34,927	46,347
Accounts Receivable	2,662	5,666	400
Inventory	32,191	5,838	4,015
Accounts Payable	25,373	6,268	4,214

1. Calculate the operating cycle, cash cycle and necessary components.

2. Discuss the similarities and differences.

3. Why is there such a significant difference?

4. What would happen if each company tried to adopt the working capital practices of the other company?

VI. What does it imply for a company to have a low inventory turnover? Would you expect this ratio to differ much across industries? Why?