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?

Kohl's Accounts Payable Turnover (pg.7) FY 2018 = 9.93 FY 2019 = 10.15 Days Paid (pg.7) FY 2018 = 36.77 FY 2019 = 35.97 Cash Conversion (pg.7) 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. JCPenny Accounts Payable Turnover (pg.7) FY 2018 = 8.65 FY 2019 = 8.59 Days Paid (pg.7) FY 2018 42.20 FY 2019 = 42.50 Cash Conversion (pg.7) 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