Question: 6. Determine how abbott laboratories (abt) cash conversion cycle would change if abbott laboratories (abt) inventory and accounts receivable balances were adjusted to meet the

6. Determine how abbott laboratories (abt) cash conversion cycle would change if abbott laboratories (abt) inventory and accounts receivable balances were adjusted to meet the industry averages in year of (2020, 2019 , 2018)

7. Determine the abbott laboratories (abt) cash conversion cycle if its inventory and receivables turnover ratios were at the industry average and its payable days were 75 days. in year of (2020 2019 2018)

8. What are your impressions regarding Abbott laboratories (abt) working capital management based on this preliminary analysis? Discuss any advantages and disadvantages of bringing the cash conversion cycle more in line with the industry averages in the year of (2020 2019 2018)

USE BALANCE SHEET AND INCOME STATEMENT FROM GIVEN LINK.

https://finance.yahoo.com/quote/TSLA?p=TSLA&.tsrc=fin-srch

ANSWER MUST BE DETAILED AND MAKE SURE TO GIVE A FORMULA IF USING ANY.

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