Question: The following table presents selected 2016 annual income statement items and balance sheet items for Toyota Motor and Apple. All dollars are in millions. Use

 The following table presents selected 2016 annual income statement items and

The following table presents selected 2016 annual income statement items and balance sheet items for Toyota Motor and Apple. All dollars are in millions. Use the information to answer the questions that follow. Toyota Apple Sales $252.708 $ 215,369 Cost of goods sold 201.125 131,376 Accounts receivable 83,027 29.299 Inventory 18,342 2.132 Accounts payable 48.570 59.321 a. Calculate and interpret the length of the operating cycle for Toyota and Apple. b. Calculate and interpret the length of the cash conversion cycle for Toyota and Apple. c. What are the advantages and disadvantages of Apple's way of running operations compared to Toyota's way

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