What is the trade receivables turnover for 2004 and 2003

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Reference no: EM131340529

An extract from the financial statements of a wholesaler for the years ended 31 December 2004 and 2003 follows (amounts in thousands of euro):

Balance sheet data	As at 31 December
	2004	2003
Trade and other receivables	500,000	470,000
Deduct: Allowance for doubtful debts	(25,000)	(20,000)
Net trade and other receivables	475,000	450,000

Inventories	600,000	550,000

Income statement Data	Year ended 31 December
	2004	2003
Net credit sales	2,500,000	2,200,000
Net Cash sales	500,000	400,000
Net sales	3,000,000	2,600,000
Cost of sales	2,000,000	1,800,000
Selling, general and administrative expenses	300,000	270,000
Other operating expenses	50,000	30,000
Net operating expenses	2,350,000	2,100,000

(a) What is the trade receivables turnover for 2004 and 2003?

(b) What is the inventory turnover for 2004 and 2003?

Reference no: EM131340529

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