Unilever is a dual-listed company consisting of Unilever N.V. in Rotterdam, Netherlands and Unilever PLC in London, UK. Both Unilever companies have the same directors and effectively operate as a single business. Following is the current asset section of Unilever's balance sheet.

Required

a. What are Unilever's gross trade and other current receivables at the end of 2011 and of 2012?

b. For both 2011 and 2012, compute the ratio of the allowance for uncollectible accounts to gross receivables. What trend do we observe?

c. The company reported net sales of \(€ 51,324\) in 2012. Compute the receivables turnover ratio and the average collection period for 2012 based on gross receivables computed in part \(a\).

d. The company reported cost of sales of \(€ 30,703\) in 2012 . Compute the inventory turnover and the average inventory days outstanding for 2012.

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Current Assets ( million) Inventories. Trade and other current receivables. Current tax assets Cash and cash equivalents Other financial assets... Non-current assets held for sale Total current assets.. Trade and Other Current Receivables ( million) Due within one year Trade receivables..... Prepayments and accrued income Other receivables... Aging of Trade Receivables ( million) Total trade receivables.. Less impairment provision for trade receivables 2012 4,436 4,436 217 2,465 401 192 12,147 2012 2,793 549 1,094 4,436 2012 2,916 (123) 2,793 2011 4,601 4,513 219 3,484 1,453 21 14,291 2011 2,897 591 1,025 4,513 2011 3,013 (116) 2,897