Question: Help Save & Exit Submit The following table shows income statement and balance sheet data for five U.S. Industries in 2017 INCOME STATEMENT AND BALANCE
Help Save & Exit Submit The following table shows income statement and balance sheet data for five U.S. Industries in 2017 INCOME STATEMENT AND BALANCE SHEET FOR 2017 SELECTED U.S. INDUSTRIES FOR 2017 (Figures in 5 billions) 011 Food Computers and Food Pharmaceuticals Income Statement Data: and Coal Peripherals Stores Sales $ 672.9 $433.5 $ 808. $ 222.0 5480.2 Cost of goods sold 602.1 358.4 763.8 201.7 457.0 Balance Sheet Data: Inventory $ 73.8 $ 62.8 $ 50.2 $ 17.3 $33.9 Accounts receivable 62.6 74.1 58.8 29. 13.4 55.0 Accounts payable 48.3 56.3 57.5 29.7 Note: Cost of goods sold includes selling, general, and administrative expenses. Source: U.S. Department of Commerce, Quarterly Financial Report for Manufacturing, Mining, Trade Corporations, and Selected Service Industries, Quarter 3, issued December 2017. Calculate the cash cycle for each industry. (Negative amounts should be indicated by a minus sign. Use 365 days a year. Do not round intermediate calculations. Round your answers to 1 decimal place.) Computers and Food Stores On and Coal Food Pharmaceuticals Peripherals Cash cycle (in days) Next > Prev 2 of 3
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