Problem
Find a company listed on any stock exchange, in any sector, and collect their latest financial statements for two consecutive years (e.g., financials for 2021 will also restate those for 2020). You are required to:
• Calculate the cash conversion cycle (CCC) for each of the two years. Interpret the meaning of each component of the CCC in each year and then explain reasons for the notable changes in the same components between the two financial years. Explain if the CCC has improved or not by looking at your answers.