Headquartered in Bella Vista, NSW, Woolworths Limited is the largest retail company in Australia andWoolworths Limited New Zealand by market capitalization and sales. The company is the largest food retailer, liquor retailer and the largest hotel and gaming poker machine operator in Australia. The company employs over 200,000 people.

During 2012, the company reported total revenue from sale of goods of \(\$ 55,129.8\) million and cost of goods sold of \(\$ 40,792.4\) million. Depreciation expense on property, plant and equipment was \(\$ 894.8\) million.
Required

a. What amount does Woolworths expect to collect from its trade customers?

b. What are Woolworths's gross accounts from its trade customers?

c. Determine the number of days it took Woolworths to collect from its trade customers during 2012. Does the figure computed make sense? Why or why not?

d. Compute inventory turnover for 2012. Given the nature of the company's operations, does this ratio make sense?

e. What is the gross amount and total accumulated depreciation and amortization of property, plant and equipment reported on the balance sheet in 2012?

f. Compute PPE turnover for 2012. Explain in layman's terms what this ratio represents.
g. Compute percent used up and useful life of the company's PPE.

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(AUS$ millions) Current assets Cash... Trade and other receivables. Inventories. Other financial assets. Assets classified as held for sale.. Total current assets. Trade and Other Receivables (AUSS millions) Current Trade receivables.. Other receivables. Prepayments 2012 $ 833.4 869.9 3,698.3 23.8 5,425.4 376.7 $5,802.1 2012 $218.0 385.3 266.6 $869.9 2011 $1,519.6 856.1 3,736.5 120.8 6,233.0 93.9 $6,326.9 2011 $196.6 426.5 233.0 $856.1 Trade receivables are presented net of impairment allowance. Impairment provision balance as at 24 June 2012 was $13.3 million.