Question $1$C

What is the formula for cash conversion cycle? Give a simple interpretation of the value. From Figure $2,$ which of the factors

$($on average$)$ had a positive contribution to cash conversion cycle?

III. Positive signs for the Cash Conversion Cycle after three years

Average working capital performance parameters across the S&P $1500$ companies $2012-2021$

Figure $2$: 'Irend of Cash Conversion Cycle and its Components