The following information is from Apples 2020 Income Statement and Balance Sheet (number are $...
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Finance
The following information is from Apples 2020 Income Statement and Balance Sheet (number are $ millions). Use it to compute Apples cash conversion cycle. Sales 49,294 Cost of goods sold 34,204 Accounts receivable 3,402 Inventory 2,128 Accounts payable 3,299 Comment on the results.
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