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4. Cash cycle In fiscal 2017 and 2016, Este Lauder's financial statements included the follow- ing items. What was its cash cycle? $ millions 2017
4. Cash cycle In fiscal 2017 and 2016, Este Lauder's financial statements included the follow- ing items. What was its cash cycle? $ millions 2017 2016 Inventory Receivables Payables Sales Cost of goods sold $1,479 $1,264 1,395 1,258 2,634 2,349 11,824 11,262 2,437 2,181
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