Using the information you gathered in the previous problem, calculate the operating cycle for each company. What are the similarities or differences? Is this what you would expect from companies in each of these industries?

Data From Previous Problem,

Go to www.reuters.com. You will need to find the most recent annual income statement and the two most recent balance sheets for McKesson (MCK) and Newmont Mining (NEM). MCK is involved in pharmaceuticals and consumer health care, while Newmont Mining is a leading gold mining company. Calculate the cash cycle for each company and comment on any similarities or differences.