Question
list formulas done in excel Financial Statement Analysis Case: Revlon The following information is from the 2019 financial statements of Revlon, the beauty products company.
list formulas done in excel
Financial Statement Analysis Case: Revlon The following information is from the 2019 financial statements of Revlon, the beauty products company. Revlon Balance Sheet Information (in million of dollars)* At December 31 2019 2018 2017 Accounts Receivable 423.4 431.3 444.8 Inventories 448.4 523.2 497.9 Accounts Payable 251.8 332.1 336.9 Income Statement Information For the Year ending 2019 2018 2017 Sales (all credit) 2,419.6 2,564.5 2,693.7 Cost of Goods Sold 1,052.2 1,117.0 1,152.3 L'Oreal Balance Sheet Information (in million of dollars)* At December 31 2019 2018 Accounts Receivable 4,086.7 3,983.2 Inventories 2,920.8 2,821.9 Accounts Payable 4,658.40 4,550.00 Income Statement Information For the Year ending 2019 2018 Sales (all credit) 29,873.6 26,937.4 Cost of Goods Sold 8,064.7 7,331.6 Required: Use Revlons and LOreals financial information to answer the follow questions: a. What is Revlons operating cycle (in days) in 2019 and 2018? Comment on the change from year to year. b. What is Revlons cash operating cycle (in days) in 2019 and 2018? Comment on the change from year to year. c. What is LOreals operating cycle (in days) in 2019? What is LOreals cash operating cycle (in days) in 2019? d. Use Revlons financial information to compare the components of Revlons operating cycle and cash operating cycle to LOrals for 2019.
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