The following information is from Piaggio (www.Piaggio.com), which manufactures two-, three- and four- wheel vehicles, and is

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The following information is from Piaggio (www.Piaggio.com), which manufactures two-, three- and four- wheel vehicles, and is Europe’s leading manufacturer of motorcycles and scooters.


The following information is from Piaggio (www.Piaggio.com), which manufactures two-,


Required
1. For each year, compute the percentage (rounded to one decimal) that cash represents of current assets, total assets, current liabilities, and shareholders’ equity. Comment on any trends in these percentages.
2. Determine the percentage change (rounded to one decimal) between the current and prior year cash balances.
3. Compute the days’ sales uncollected (rounded to one decimal) at the end of both the current year and the prior year. Has the collection of receivables improved?Explain.

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Fundamental accounting principle

ISBN: 978-0078025587

21st edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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