Key figures (EUR millions) for Nokia (www.Nokia.com), which is a leading global manufacturer of mobile devices and services, follow.

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 part1.

Transcribed Image Text:

EUR millions Current Year Inventory Cost of sales 1,865 27,720 One Year Prior 2,533 33,337 Two Years Prior 2,876 33,78