Working capital for Moretti SpA over the last five years (at 31 December)

was as follows:

(In €m) 2017 2018 2019 2020 2021 Inventories of finished goods 6.1 7.4 9.1 13 15.4 Trade and notes receivable 6.4 8.9 10.5 11.1 11.6 Trade and notes payable 2.1 3.5 3.5 3.8 3.4 The income statement includes the following data:

(In €m) 2017 2018 2019 2020 2021 Sales (excl. VAT) 32.8 44.7 49.4 48.9 50 Sales (incl. VAT) 38.9 52.6 58.1 57.4 57.2 Purchases (incl. VAT) 12.5 19.2 19.6 20.9 20.4 Calculate the different working capital ratios.

AppendixLO1