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  3. the following table presents selected 2020 annual

The following table presents selected 2020 annual income statement items and balance sheet items for...

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Finance

The following table presents selected 2020 annual income statement items and balance sheet items for Toyota Motor and Apple. All gures are in millions. Use the information to answer the questions that follow.

Toyota Apple
Sales 31,096,245 $ 280,015
Cost of goods sold 24,632,364 175,059
Accounts receivable 8,720,065 21,620
Inventory 2,440,418 9,561
Accounts payable 2,447,380 47,796

Calculate the length of the operating cycle for Toyota and Apple.

Calculate the length of the cash conversion cycle for Toyota and Apple.

Note: Negative value should be indicated by parentheses. Round your answers to 1 decimal place.

Toyota Apple
A. Operating cycle cash conversion cycle ___Days ___Days
B. Cash conversion cycle conversion cycle ___Days ___Days

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