Figure from consolidated Income statement
2017 2016
Operating sale revenue 8447 7083
Cost of sales (4888) (5064)
Balance sheet
2017 2016
Current assets
Cash 1838 1583
Trade and receivable 141 241
Inventories 588 554
Non current assets
Trade and receivable 3 4
Current Liabilities
Payable 708 622
Non current liabilities
Payable 50 69
Calculate and discuss how Fortescue Metal's cash conversion cycle has changed from 2016 and 2017. What is the cause of this change?
Do we need any additional comparison data to make our analysis more complete?
I am confused that should I add up AR and AP figures in both current and non current asset and liabilities or just use the figures in currentjQuery224021244806676200922_1537238295599
Please advise, thank you.