In fiscal 2017 and 2016, Estée Lauder's financial statements included the following items.InventoryReceivables$ millionsPayablesSalesCost of goods soldCash cycle20172016$ 1,583 $ 1,2641,2421,2582,9242,34914,07111, 2622,8762,181What was its cash cycle? Assume 365 days in a year. (Negative amounts should be indicated by a minus sign. Do notround intermediate calculations. Round your answer to the nearest whole number.)(228) days

Cash cycle is the period required to recover the cash amount of the money from the customers and it…

Answered: fiscal 2017 and 2016, Estée Lauder's…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter16: Working Capital Policy And Short-term Financing

Section: Chapter Questions

Problem 3P

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The following data are from a comparison of the balance sheets of Shaun Company as of December 31, 2020, and December 31, 2019: Accounts Receivable increase P7,600 Inventory decrease 4.500 Accounts Payable increase 2,400 The following data are from Shaun's 2020 income statement: Sales P200.000 Cost of Goods Sold 110.000 How much cash was paid for inventory purchases?
In fiscal 2017 and 2016, Estée Lauder's financial statements included the following items. $ millions Inventory Receivables Payables Sales Cost of goods sold 2017 $1,213 1,283 3,108 12,297 2,461 2016 $ 1,264 1,258 2,349 11, 262 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.) X Answer is complete but not entirely correct. Cash cycle (183) > days
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Quantitative Problem: Winston Inc. is trying to determine the effect of its inventory turnover ratio and days sales outstanding on its cash conversion cycle. Winston's 2015 sales (all on credit) were $123,000 and its cost of goods sold was 75% of sales. It turned over its inventory 8.52 times during the year. Its receivables balance at the end of the year was $13,118.63 and its payables balance at the end of the year was $7,390.82. Using this information calculate the firm's cash conversion cycle. Do not intermediate calculations. Round your answer to the nearest whole number. days
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