Question: QUESTION 1 (9 MARKS) This question has 2 parts; A and B. Write your answers in the spaces provided. Consider the following table that contains

QUESTION 1 (9 MARKS) This question has 2 parts; A and B. Write your answers in the spaces provided. Consider the following table

QUESTION 1 (9 MARKS) This question has 2 parts; A and B. Write your answers in the spaces provided. Consider the following table that contains selected financial data for JB Hi-Fi Limited (JBH) respectively for financial year 2017 and 2018. Sales Revenue Cost of Sales Accounts Receivable Inventory Accounts Payable Total Current Asset 1,167 1,210 Total Current Liabilities Sa 885 2017 2018 5,628 6,854 4,397 5,384 194 205 860 891 581 582 917 Part A Using the data contained in the table, calculate the cash conversion cycles for JBH both in 2017 and 2018. (Show all your calculations.) (6 marks) Part B Given your calculations in Part A, is JBH improving its CCC between 2017 and 2018? Please interpret JBH CCC in 2018. What Working Capital Strategy is JBH implementing? Explain why

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