Calculate cash conversion cycle for each of two companies, Financial Accounting

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Calculate cash conversion cycle for each of two companies

Problem

Calculate the Cash Conversion Cycle (CCC) for each of the two companies - Accent Group Limited (ASX code: AX1) and Ridley Corporation Limited (ASX code: RIC) in 2021 and 2022. Using your answer, analyze the efficiency of each of the two companies in managing their working capital in 2022 as compared to 2021. Note: ensure that you analyze in this question, not just describe the CCC values.

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Financial Accounting: Calculate cash conversion cycle for each of two companies

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Financial Accounting: Calculate cash conversion cycle for each of two companies

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