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Please: Calculate year to year (2023/2024) change in % (horizontal analysis) for current assets and operating profit; Calculate length of cash conversion cycle for 2023

Please: Calculate year to year (2023/2024) change in % (horizontal analysis) for current assets and operating profit; Calculate length of cash conversion cycle for 2023 and 2024. Thank you in advance. image text in transcribed

Following tasks are based on the following data Balance Sheet (mil, EUR) Assets Property, Plant, Equipment Intangible assets Other non current assets Total non current assets 2022 2023 2024 590 600 650 150 130 30 50 40 750 800 870 440 450500 390 60 890900 1000 Inventory 400 Receivables Cash and cash equivalents Total current assets Total assets 50 1 640 1 700 1870 Liabilites and Equity202220232024 Equity Non current liabilities Current liabilities 650 250 740 990 1000 1100 770 300 500 600 700 700 Total liabilites Total Liabites and Equity 1640 1700 1870 Income statement (mil. EUR) Revenues COGS Gross profit 2023 5500 5000 500 2024 5700 5200 500 Depreciation and ammort Personnel expenses Operating profit Interest expenses EBT Tax (20%) Net profit 150 50 300 100 200 40 160 165 65 270 120 150 30 120

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