Use the following financial statement data of Colgate-Palmolive for the questions that follow.

	billions
Credit sales	$25,000
Cost of goods sold	$20,000
Accounts receivable	$2,500
Inventory – Beginning balance	$2,000
Inventory – Ending balance	$2,300
Accounts payable	$1,700

a. Calculate the operating cycle for Colgate-Palmolive.

b. Calculate the net operating cycle for Colgate-Palmolive.

Answer rating: 100% (QA)

a The operating cycle for ColgatePal... View the full answer