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Calculate the cash conversion cycles for both bhp and fmg

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Question - Consider the following table that contains selected financial data for "BHP Group" (BHP) and "Fortescue Metal Group" (FMG) for financial year 2021.

 

Days Inventory

Days Receivables

Days Payables

Current Assets

Current Liabilities

BHP

79.12

22.39

128.87

$26,693

$16,403

FMG

81.20

11.71

128.50

$8,959

$3,880

Using the data contained in the table, (a) Calculate the cash conversion cycles for both BHP and FMG (b) Interpret the cash conversion cycles for both BHP and FMG (c) Which company uses their working capital more efficiently? Why?

Reference no: EM133090581

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