Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In fiscal 2017 and 2016, Este Lauder's financial statements included the following items. $ millions Inventory Receivables Payables Sales Cost of goods sold 2017 2016
In fiscal 2017 and 2016, Este Lauder's financial statements included the following items. $ millions Inventory Receivables Payables Sales Cost of goods sold 2017 2016 $ 1,716 $ 1,264 1,116 1,258 3, 108 2,349 12,888 11,262 2,340 2,181 What was its cash cycle? Assume 365 days in a year. (Negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to the nearest whole number.) Cash cycle ....... 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