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

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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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
6.1
7.4
9.1
13
15.4
Trade and notes receivable
6.4
8.9
10.5
11.1
11.6
Trade and notes payable
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
48.9
44-7
52.6
49-4
58.1
19.6
50
57-4
57.2
12.5
19.2
20.9
20.4
Transcribed Image Text: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 6.1 7.4 9.1 13 15.4 Trade and notes receivable 6.4 8.9 10.5 11.1 11.6 Trade and notes payable 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 48.9 44-7 52.6 49-4 58.1 19.6 50 57-4 57.2 12.5 19.2 20.9 20.4
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