In fiscal 2010 and 2011 Caterpillar's financial statements included the following items. What was Caterpillar's cash conversion
Question:
In fiscal 2010 and 2011 Caterpillar's financial statements included the following items. What was Caterpillar's cash conversion cycle?
$ Millions
..................................................2010........................2011
Inventory ............................... $ 9,587 ................. $14,544
Receivables ............................. 16,899 ................... 18,149
Payables .................................. 5,856 ..................... 8,161
Sales ..................................... 42,588 ................... 60,138
Cost of goods sold .................... 28,779 .................... 40,831
Cash Conversion CycleCash conversion cycle measures the total time a business takes to convert its cash on hand to produce, pay its suppliers, sell to its customers and collect cash from its customers. The process starts with purchasing of raw materials from suppliers,... Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Related Book For 
Principles of Corporate Finance
ISBN: 978-0078034763
11th edition
Authors: Richard Brealey, Stewart Myers, Franklin Allen
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