Following are key figures (Euro in thousands) for Piaggio (www.piaggio.com), which is a leading manufacturer of two,three and four wheel vehicles, and is Europes leading manufacturer of motorcycles and scooters.
Required:
1. Use these data and those from BTN 6-2 to compute
(a) Inventory turnover
(b) Days sales in inventory for the most recent two years shown for Piaggio, Polaris, and Arctic Cat.
2. Comment on and interpret your findings from part 1.