The following information is from Nokia (www.Nokia.com), which is a leading global manufacturer of mobile devices and services.

Required
1. For each year, compute the percentage that cash represents of current assets, total assets, current liabilities, and shareholders’ equity. Comment on any trends in these percentages.
2. Determine the percentage change between the current and prior year cash balances.
3. Compute the days’ sales uncollected at the end of both the current year and the prior year. Has the collection of receivables improved?Explain.

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EUR millions Accounts receivable-... Current assets-.. Total assets Current liabilities Shareholders equity.... Net sales... 1.142 7,98 23,613 35,738 15.188 4,749 40.984 1.706 9.444 24.470 39,582 20,355 16,510 50.710