Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Check my work 4 10 points The following table shows income statement and balance sheet data for five U.S. industries in 2017 INCOME STATEMENT AND

image text in transcribed

Check my work 4 10 points The following table shows income statement and balance sheet data for five U.S. industries in 2017 INCOME STATEMENT AND BALANCE SHEET FOR 2017 SELECTED U.S. INDUSTRIES FOR 2017 (Figures in $ billions) Oil Computers and Food Pharmaceuticals and Coal Peripherals Income Statement Data: Sales $ 684.9 $ 445.5 $ 820.0 $ 234.0 Cost of goods sold 614.1 370.4 775.8 225.7 Balance Sheet Data: Inventory S 85.8 $ 74.8 $ 62.2 $ 29.3 Accounts receivable 74.6 86.1 70.8 41.7 Accounts payable 67.0 60.3 68.3 93.5 eBook Print References 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. 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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Guide To Rental Property Investing And Management

Authors: Alex Turner

1st Edition

979-8856074641

More Books

Students also viewed these Finance questions