The average accounts receivable, inventory, and accounts payable for Molson Coors Brewing Co., Anheuser-Busch Co., and Boston Beer Company are shown below for a recent fiscal year (in thousands).

Sales and cost of goods sold information for the three companies are as follows (in thousands):

a. Determine the cash conversion cycles for the three companies. Round to the nearest whole day.
b. Interpret yourfindings.

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Molson Coors Brewing Co. $654,600 222,150 319,043 Boston Beer Company $11,629 11,225 8,070 Anheuser- Busch Co. Average accounts receivable Average inventory Average accounts payable 682,500 638,900 1,144,250 Molson Coors Brewing Co. $4,305,816 2,741,694 Anheuser- Busch Co. $14,934,200 8,982,500 Boston Beer Company $217,208 87,973 Sales Cost of goods sold