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Question 18 1 pts Given the following financial statements of 3M company (in million dollars), and given the days of inventory outstanding is 89.6 days

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Question 18 1 pts Given the following financial statements of 3M company (in million dollars), and given the days of inventory outstanding is 89.6 days and the days of sales outstanding is 49.6 days. Assume 365 days in all years. Compute its cash-to-cash cycle time (in days) for the year 2021. (Correct to 1 decimal place) 2021 2020 Financial Statement Assets Receivables 4,770 4,830 Inventory 4,985 4,239 Liabilities Payables 3,580 3,169 Income Statement Sales 35,355 32,184 Cost of Goods Sold 18,795 16,605

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