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1.  Analyze each company's CCCs and components for the past three years. 2. Compare the two companies' CCCs and components.

1.  Analyze each company's CCCs and components for the past three years. 2. Compare the two companies' CCCs and components.

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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1.  Analyze each company's CCCs and components for the past three years.

2. Compare the two companies' CCCs and components.

Apple Days Sales Outstanding Days Inventory Outstanding 2020 2019 2018 55.345 66.497 58.178 8.79 9.094 9.82 95.289 111.591 -43.593| Days Payable Outstanding 115.202 Cash Conversion Cycle -31.154 -39.611| Microsoft 2020 2019 2018 78.524 15.676 86.786 7.414 81.220 20.096 80.885 23.045 Days Sales Outstanding Days Inventory Outstanding Days Payable Outstanding 76.551 76.168 Cash Conversion Cycle 24.764 27.762
Transcribed Image Text:Apple Days Sales Outstanding Days Inventory Outstanding 2020 2019 2018 55.345 66.497 58.178 8.79 9.094 9.82 95.289 111.591 -43.593| Days Payable Outstanding 115.202 Cash Conversion Cycle -31.154 -39.611| Microsoft 2020 2019 2018 78.524 15.676 86.786 7.414 81.220 20.096 80.885 23.045 Days Sales Outstanding Days Inventory Outstanding Days Payable Outstanding 76.551 76.168 Cash Conversion Cycle 24.764 27.762
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CCC shows the movement of cash in a firm in terms of inventory, sales and amount payable to suppliers or payables. It is calculated by adding receivable period and subtracting payable period.

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