The Benetton Group is one of the world s largest manufacturers
The Benetton Group is one of the world’s largest manufacturers of casual knitwear and sportswear for men, women, and children. Its annual reports include the following details, reported in thousands of euros:
Required:
1. Determine the receivables turnover ratio and average collection period for 2007– 2011, and comment on the results.
2. Explain the meaning of the numbers that you calculated in (1).
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