The following information is from Piaggio (www.Piaggio.com), which manufactures two,three and four wheel vehicles, and is Europe's leading manufacturer of motorcycles and scooters.
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Required:
1. For each year, compute the percentage (rounded to one decimal) 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 (rounded to one decimal) between the current and prior year cash balances.
3. Compute the days sales uncollected (rounded to one decimal) at the end of both the current year and the prior year. Has the collection of receivables improved?Explain.