Key figures (EUR millions) for Nokia , which is a leading global manufacturer of mobile devices and services, follow.
|
EUR millions |
Current Year |
One Year Prior |
Two Year Prior |
|
Inventory |
1,865 |
2,533 |
2,876 |
|
Cost of sales |
27,720 |
33,337 |
33,781 |
Required
1. Use these data and those from BTN 6 2 to compute (a) inventory turnover and (b) days’ sales in inventory for the most recent two years shown for Nokia, Research In Motion, and Apple.
2. Comment on and interpret your findings from part 1.