Question: Consider the following table that contains selected financial data for The A2Milk Company (A2M) and Australia Dairy Nutritionals (AHF) for financial year 2020. Days Inventory

Consider the following table that contains selected financial data for "The A2Milk Company" (A2M) and "Australia Dairy Nutritionals" (AHF) for financial year 2020.

Days Inventory

Days

Receivables

Days Payables

Current

Assets

Current Liabilities

A2M

31.07

13.39

59.46

$1,298

$785

AHF

20.97

19.2

36.91

$9,937

$15,168

Using the data contained in the table,(a)Calculate the cash conversion cycles for both A2M and AHF(b)Interpret the cash conversion cycles for both A2M and AHF(c)Which company uses their working capital more efficiently?

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