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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

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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

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