Fundamentals Of Corporate Finance, 9th Edition
9th Edition
ISBN: 9781260052220
Author: Richard Brealey; Stewart Myers; Alan Marcus
Publisher: McGraw-Hill Education
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Chapter 20, Problem 4QP
Summary Introduction
To compute: The cash cycle of each industry.
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What is Target’s balance of cash equivalents for the fiscal year ended January 30,2016?
Calculate the U.S. division’s operating income for 2017.
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 $ billions)
Oil
and Coal
Computers and
Peripherals
Food
Food
Pharmaceuticals
Stores
Income Statement Data:
$ 682.9
$ 443.5
$ 232.0
221.7
$ 490.2
467.0
Sales
$ 818.0
Cost of goods sold
Balance Sheet Data:
612.1
368.4
773.8
Inventory
Accounts receivable
Accounts payable
$ 83.8
72.6
$ 72.8
84.1
$ 27.3
39.7
87.5
$ 43.9
23.4
39.7
60.2
68.8
65.0
58.3
66.3
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.)…
Chapter 20 Solutions
Fundamentals Of Corporate Finance, 9th Edition
Ch. 20 - Prob. 1QPCh. 20 - Prob. 3QPCh. 20 - Prob. 4QPCh. 20 - Prob. 5QPCh. 20 - Prob. 6QPCh. 20 - Prob. 7QPCh. 20 - Prob. 8QPCh. 20 - Prob. 9QPCh. 20 - Prob. 11QPCh. 20 - Prob. 13QP
Ch. 20 - Prob. 14QPCh. 20 - Prob. 15QPCh. 20 - Prob. 16QPCh. 20 - Prob. 17QPCh. 20 - Prob. 19QPCh. 20 - Prob. 20QPCh. 20 - Prob. 21QPCh. 20 - Prob. 22QPCh. 20 - Prob. 23QPCh. 20 - Prob. 27QPCh. 20 - Prob. 28QPCh. 20 - Prob. 29QPCh. 20 - Prob. 30QPCh. 20 - Prob. 31QPCh. 20 - Prob. 32QPCh. 20 - Prob. 33QPCh. 20 - Prob. 34QPCh. 20 - Prob. 35QPCh. 20 - Prob. 36QPCh. 20 - Prob. 37QPCh. 20 - Prob. 38QPCh. 20 - Prob. 39QPCh. 20 - Prob. 40QPCh. 20 - Prob. 41QPCh. 20 - Prob. 42QPCh. 20 - Prob. 43QPCh. 20 - Prob. 44QPCh. 20 - Prob. 45QP
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