Question: The following table shows income statement and balance sheet data for five U.S. industries in 2015. Calculate the cash cycle for each industry. INCOME STATEMENT

The following table shows income statement and balance sheet data for five U.S. industries in 2015. Calculate the cash cycle for each industry.

INCOME STATEMENT AND BALANCE SHEET DATA (Figures in $ millions) Oil Computers and Food Food Pharmaceuticals and Coal Peripherals Stores Income Statement Data: Sales Cost of goods sold Balance Sheet Data: Inventory Accounts receivable Accounts payable $463.7 439.8 $676.7 $396.8 328.9 $1,049.2 990.6 $206.1 166.3 614.2 $64.1 41.8 $52.4 60.6 39.2 $49.5 73.2 76.3 $ 8.8 20.2 28.3 $25.1 5.7 21.6

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