Question: Please solve for the cash cycle using excel. Thank you. In fiscal 2017 and 2016, Estee Lauder's financial statements included the following items. $ millions

 Please solve for the cash cycle using excel. Thank you. In

Please solve for the cash cycle using excel. Thank you.

fiscal 2017 and 2016, Estee Lauder's financial statements included the following items.

In fiscal 2017 and 2016, Estee Lauder's financial statements included the following items. $ millions 2017 2016 Inventory $ 1, 405 $ 1, 264 Receivables 1, 660 1, 258 Payables 2, 713 2,349 Sales 11 , 115 11, 262 Cost of goods sold 2, 413 2, 181 What was its cash cycle? Assume 365 days in a year. (Negative amounts should be Indicated by a minus sign. Do not round intermediate calculations. Round your answer to the nearest whole number.) Cash cycle days

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