Consider the image below. Calculate the inventories turnover at 2004. Working capital for Moretti Spa over the last 5 years (at 31 December) was as follows: (in €m) 2001 2002 2003 2004 2005 Inventories of finished goods Trade and notes receivable Trade and notes payable 6.1 9.1 7.4 8.9 13 15.4 11.6 6.4 10.5 11.1 2.1 3.5 3-5 3.8 3.4 The income statement includes the following data: (in €m) 2001 2002 2003 2004 2005 Sales (excl. VAT) Sales (incl. VAT) Purchases (incl. VAT) 32.8 38.9 44-7 48.9 49-4 58.1 19.6 50 52.6 57-4 57.2 12.5 19.2 20.9 20.4
Consider the image below. Calculate the inventories turnover at 2004. Working capital for Moretti Spa over the last 5 years (at 31 December) was as follows: (in €m) 2001 2002 2003 2004 2005 Inventories of finished goods Trade and notes receivable Trade and notes payable 6.1 9.1 7.4 8.9 13 15.4 11.6 6.4 10.5 11.1 2.1 3.5 3-5 3.8 3.4 The income statement includes the following data: (in €m) 2001 2002 2003 2004 2005 Sales (excl. VAT) Sales (incl. VAT) Purchases (incl. VAT) 32.8 38.9 44-7 48.9 49-4 58.1 19.6 50 52.6 57-4 57.2 12.5 19.2 20.9 20.4
Chapter16: Working Capital Policy And Short-term Financing
Section: Chapter Questions
Problem 12P
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