The following table shows income statement and balance sheet data for five U.S. industries in 2017. Calculate the cash cycle for each industry. INCOME STATEMENT AND BALANCE SHEET FOR 2017 SELECTED U.S. INDUSTRIES FOR 2017 (Figures in $ billions) Income Statement Data: Food Pharmaceuticals oil and coal Computers and Peripherals Food Stores Sales $665.9 $426.5 $801.0 $215.0 $ 473.2 Cost of goods sold 595.1 351.4 756.8 187.7 450.0 Balance Sheet Data: Inventory $ 66.8 $ 55.8 $ 43.2 $ 10.3 $ 26.9 Accounts receivable 55.6 67.1 51.8 22.7 6.4 Accounts payable 48.0 41.3 49.3 36.5 22.7 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.
The following table shows income statement and balance sheet data for five U.S. industries in 2017. Calculate the cash cycle for each industry. INCOME STATEMENT AND BALANCE SHEET FOR 2017 SELECTED U.S. INDUSTRIES FOR 2017 (Figures in $ billions) Income Statement Data: Food Pharmaceuticals oil and coal Computers and Peripherals Food Stores Sales $665.9 $426.5 $801.0 $215.0 $ 473.2 Cost of goods sold 595.1 351.4 756.8 187.7 450.0 Balance Sheet Data: Inventory $ 66.8 $ 55.8 $ 43.2 $ 10.3 $ 26.9 Accounts receivable 55.6 67.1 51.8 22.7 6.4 Accounts payable 48.0 41.3 49.3 36.5 22.7 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.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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100%
The following table shows income statement and
Calculate the cash cycle for each industry.
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INCOME STATEMENT AND BALANCE SHEET FOR 2017 |
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Income Statement Data: |
Food | Pharmaceuticals | oil and coal | Computers and Peripherals | Food Stores | ||||||||||||||
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Sales |
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$665.9 |
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$426.5 |
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$801.0 |
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$215.0 |
$ |
473.2 |
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Cost of goods sold |
595.1 |
351.4 |
756.8 |
187.7 |
450.0 |
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Balance Sheet Data: |
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Inventory |
$ |
66.8 |
$ |
55.8 |
$ |
43.2 |
$ |
10.3 |
$ |
26.9 |
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Accounts receivable |
55.6 |
67.1 |
51.8 |
22.7 |
6.4 |
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Accounts payable |
48.0 |
41.3 |
49.3 |
36.5 |
22.7 |
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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.
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