Efficiency is the Operating Cash Flow as a percentage of total costs (Goods Sold & Fixed Costs). What was the efficiency of IPG in

  Â

Efficiency is the Operating Cash Flow as a percentage of total costs (Goods Sold & Fixed Costs). What was the efficiency of IPG in 1996? Operating Performance for International Paper Goods (IPG) (EUR million) 1995 1996 1997 1998 1999 Net sales 1,600 2,158 2,568 2,375 2,508 Cost of goods sold Sales margin Fixed costs Operating cash flow 1,089 1,487 1,661 1,508 511 671 886 867 289 411 582 578 222 260 304 1,568 922 592 289 331 2000 2,709 1,716 993 596 397