Review the other current assets, accounts payable, accrued liabilities and/or other current asset notes for both companies. Analyze your company's accounts payable turnover, days paid and cash conversion for both companies. Are there differences between the two companies? Are there any recommendations you would make to improve the cash conversion cycle?

 

Kohl's Accounts Payable Turnover (pg.7) JCPenny Accounts Payable Turnover (pg.7) FY 2018 = 9.93 FY 2018 = 8.65 FY 2019 = FY 2019 = 8.59 Days Paid (pg.7) Days Paid (pg.7) FY 2018 = 36.77 FY 2018 42.20 FY 2019 = 35.97 FY 2019 = 42.50 Cash Conversion (pg.7) Cash Conversion (pg.7) FY 2018/2019 = Cannot calculate since Accounts receivables were not FY 2018/2019 = Cannot calculate since Accounts receivables were not separately disclosed in financial statements of Kohl's Corporation and J. C. Penney Company, Inc. separately disclosed in financial| statements of Kohl's Corporation and J. C. Penney Company, Inc.