Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Chech 6 The following table shows income statement and balance sheet data for five U.S. industries in 2017. 5 points INCOME STATEMENT AND BALANCE SHEET
Chech 6 The following table shows income statement and balance sheet data for five U.S. industries in 2017. 5 points INCOME STATEMENT AND BALANCE SHEET FOR 2017 SELECTED U.S. INDUSTRIES FOR 2017 (Figures in $ billions) Oil Food Pharmaceuticals and Coal Computers and Peripherals Food Stores $ $ 673.9 603.1 $ 434.5 359.4 809.0 764.8 $ 223.0 203.7 $ 481.2 458.0 Income Statement Data: Sales Cost of goods sold Balance Sheet Data: Inventory Accounts receivable Accounts payable eBook $ $ $ $ 74.8 63.6 56.0 $ 63.8 75.1 49.3 51.2 59.8 57.3 18.3 30.7 60.5 34.9 14.4 30.7 Print Note: Cost of goods sold includes selling, general, and administrative expenses. Source: U.S. Department of Commerce, Quarterly Financial Report for Manufacturing, Mining, Trade Corporations, and Selected Service Industries, Quarter 3, issued December 2017. References Calculate the cash cycle for each industry. (Negative amounts should be indicated by a minus sign. Use 365 days a year. Do not round intermediate calculations. Round your answers to 1 decimal place.) Food Pharmaceuticals Oil and Coal Computers and Peripherals Food Stores Cash cycle (in days)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started