You may answer the questions for each company separately or comparatively (side-by-side).The answers do not need to be more than a few words or a sentence, but you should indicate the page number where you located the information.

1. 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?

J. C. Penney Company, Kohl's Corporation Inc. Ratios Return on Assets (ROA) 6.20% 5.11% -3.15% -3.41% Prot Margin 3.96% 3.46% -2.12% -2.40% Asset Turnover 1.56 1.49 1.42 ROA Components (Margin x Turnover) 6 20% 5.11% -3.15% -3 41% 14.64% 12.59% -19.98% -26.81% .I Return on Equity (ROE) Leverage Ratio 2.36 2.46 ION DJ 4:. 7.86 ROE Dupont (Margin x Turnover in Leverage) 14.64% 12.59% - 1 9.98% -26.81% Gross Prot Margin 39.70% 39.22% 34.52% 37.20% Operating Expense Margin 93.27% 94.50% 100.05% 100.07% Current Ratio 1.77 1.52 1.41 Percent Accounts Receivable Uncollectible Cannot calculate since Accounts receivables were not separately disclosed in nancial statements of Kohl's Corporation and J. C. Penney Company, Inc. Accounts Receivable Turnover Cannot calculate since Accounts receivables were not separately disclosed in nancial statements of Kohl's Corporation and J. C. Penney Company, Inc. Days Sales Outstanding (DSO) Cannot calcolate since Accounts receivables were not separately disclosed in nancial statements of Kohl's Corporation and J. C. Penney Company, Inc. Cash Conversion Cycle Cannot calculate since Accounts receivables were not separately disclosed in nancial statements of Kohl's Corporation and J. C. Penney Company, Inc. Percent Life Used of Property and Equipment 12.98% 1 2.47% 14. 12% l 5.60% Dividend Payout Kohl's Corporation did J. C. Penney Company, Inc. not pay dividends on has practiced Stock-based common stocks compensation instead of paying dividends to common stockholders Dividend Yield Kohl's Corporation did J. C. Penney Company, Inc. not pay dividends on has practiced Stock-based common stocks compensation instead of paying dividends to common stockholders Market Capitalization $3.25 $3.74 $160.25 $15 8.05 Operating Cash Flow to Current Liabilities 77.48% 60.27% 16.66% 22.10% Operating Cash Flow to Capital Expenditures 3.65 1.94 0.92 1.39