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06-06-2023
Business

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The following table presents selected 2020 annual income statement items and balance sheet items for Toyota Motor and Apple. All ﬁgures are in millions. Use the information to answer the questions that follow. Toyota Apple Sales ¥ 28,735,780 $ 276,515 Cost of goods sold 24,562,364 171,559 Accounts receivable 8,713,065 18,120 Inventory 2,436,918 6,061 Accounts payable 2,438,980 44,296 Calculate the length of the operating cycle for Toyota and Apple. Calculate the length of the cash conversion cycle for Toyota and Apple.

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