Question: ) Table 2 below shows the figures that are based on each firm's financial reports averaged over the last three fiscal years. Table 2:

) Table 2 below shows the figures that are based on each

) Table 2 below shows the figures that are based on each firm's financial reports averaged over the last three fiscal years. Table 2: Operating Cycle and Cash Conversion Cycle for Several Firms Firms Wendy's (American fast food chain restaurant) Cracker Barrel (American chain of restaurant and gift stores with a Southern country (i) theme) Walmart (American multinational retail corporation) (ii) Inventory Collection Operating Payable days days Cycle days 2 23 45 28 3 4 30 26 49 21 26 62 Cash Conversion Cycle 9 0 -13 Among those three firms (Wendy's, Cracker Barrel, and Walmart), choose the best firm at managing its operating cycle and cash conversion cycle. (1 Mark) Based on your answer in (i) above, assess the main reasons why it is the best firm.

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