Question: Given the financial statements provided in the appendix for Ford Motors Inc and Tesla Inc: i. Calculate the cash conversion cycle for Ford and Teslas

Given the financial statements provided in the appendix for Ford Motors Inc and Tesla Inc: i. Calculate the cash conversion cycle for Ford and Teslas cars for the most recent period. Assume 365-day per year and use average balance whenever possible. (5 marks each) ii. Which company has a better cash conversion cycle in the recent period? Explain. (5 marks) iii. Compute and compare Ford and Teslas changes in operating working capital (OWC) for the latest two years and comment (assume that the detailed notes are not available, and you are asked to use your judgment when evaluating both balance sheets. (5 marks each)

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