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Which company better manages the accounts receivable

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Partially correct Mark 3.00 out of 11.00 Flag question Compute Cash Conversion Cycle for Competing Firms Halliburton and Schlumberger compete in the oil field services sector. Refer to the following 2018 financial data for the two companies to answer the requirements.

$ millions                               HAL                      SLB

Total revenue                    $23,995             $32,815

Cost of sales and services   21,009              28,478

Average accounts receivable  5,135             7,983

Average inventory                 2, 712             4,028

Average accounts payable       2,786             10,130

Question a. Compute the following measures for both companies. Note: Round your final answers to one decimal place (for example, enter 6.8 for 6.77555).

Question b. Which company better manages its accounts receivable?

Question c. Which company uses inventory more efficiently?

Question d. Which company better manages its accounts payable?

Reference no: EM132636711

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