Question: QUESTION 1 In its most recent annual report (all figures reported in $ millions) Leggett & Platt reported sales of $4,376. It also reported accounts

QUESTION 1 In its most recent annual report (all figures reported

QUESTION 1 In its most recent annual report (all figures reported in $ millions) Leggett & Platt reported sales of $4,376. It also reported accounts receivable of $496 at the beginning of the year and accounts receivable of $518 at the end of the year. Calculate the average days' sales in receivables for the year. Present your answer to one decimal place. e.g. 20.0. QUESTION 2 In its most recent annual report (all figures reported in $ millions) Briggs & Stratton reported sales of $2,263 million. It also reported that its days' sales in receivables for the year was 41.5 days, days' sales in inventory was 39.7 days, and days' sales in payables was 30.1 days. Calculate the cash conversion cycle for the year and present your answer to one decimal place (e.g., 20.0)

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