Question: Please fill out the table where the red X are. Thank you Compute Cash Conversion Cycle for Competing Firms Halliburton and Schlumberger compete in the

 Please fill out the table where the red X are. Thank

Please fill out the table where the red X are.

Thank you

Compute Cash Conversion Cycle for Competing Firms Halliburton and Schlumberger compete in the oil field services sector. Refer to the following 2018 financial data for the two companies to answer the requirements. $ millions Total revenue Cost of sales and services Average accounts receivable Average inventory Average accounts payable HAL SLB $23,995 $32,815 21,009 28,478 5,135 7,983 2,712 4,028 2,786 10,130 a. Compute the following measures for both companies. Note: Round your final answers to one decimal place (for example, enter 6.8 for 6.77555). HAL SLB 1. Days sales outstanding (DSO) 2. Days inventory outstanding (DO) 3. Days payables outstanding (DPO) 4. Cash conversion cycle (CCC) X X X X X X X X

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!