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Problem 20-4 Cash Cycle (LO1) The following table shows income statement and balance sheet data for five U.S. industries in 2015 INCOME STATEMENT AND BALANCE
Problem 20-4 Cash Cycle (LO1) The following table shows income statement and balance sheet data for five U.S. industries in 2015 INCOME STATEMENT AND BALANCE SHEET FOR 2015 SELECTED U.S. INDUSTRIES FOR 2015 (Figures in ? millions) Oil Computers and Peripherals Food Stores Food Pharmaceuticals and Coal Income Statement Data: Sales Cost of goods sold $ 693.7 631.2 $ 413.8 345.9 $ 1,066.2 1,007.6 $223.1 200.3 $ 480.7 456.8 Balance Sheet Data: $ 81.1 68.4 58.8 $ 69.4 77.6 56.2 $66.5 90.2 93.3 $ 42.1 22.7 38.6 $ 25.8 Inventory Accounts receivable Accounts payable 37.2 79.3 Note: Cost of goods sold includes selling, general, and administrative expenses. Calculate the cash cycle for each industry. (Negative amounts should be indicated by a minus sign. Round your answers to 1 decimal place.) Computers and Peripherals Food Pharmaceuticals and Coal oil Food Stores Cash cycle
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