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You gather the following information from company Xella: Accounts Receivable Turnover = 8, Total Sales = 565 mil. Euro, Cash and Marketable Securities = 12
You gather the following information from company "Xella": Accounts Receivable Turnover = 8, Total Sales = 565 mil. Euro, Cash and Marketable Securities = 12 mil. Euro, Accounts Payable = 67 mil. Euro, Days in Inventory = 36 days (consider a year of 360 days), Notes Payable = 84 mil. Euro, Cost of Goods Sold = 263 mil. Euro. What is the level of its net working capital?
The result will be expressed rounded with two decimals (eg: 44.45)
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