2 electronic detection devices stationed at entrances

Info icon This preview shows pages 40–41. Sign up to view the full content.

View Full Document Right Arrow Icon
2. Electronic detection devices stationed at entrances or anti-theft devices on merchandise that must be removed by a cashier. 3. Security cameras. 4. Security guards. 5. Cash registers. 6. Bar coding on products and assets. 7. A security safe on the premises. Global Decision BTN 8-9 1. (EUR millions) Current year balance Cash as percent of: Prior year balance Cash as percent of: Cash (and equivalents) 1,142 1,706 Current assets ............ 23,613 4.8% 24,470 7.0% Total assets ................ 35,738 3.2 39,582 4.3 Current liabilities ........ 15,188 7.5 20,355 8.4 Stockholders’ equity. . 14,749 7.7 16,510 10.3 Analysis comment: Cash has decreased as a percent of each of these bases for this two-period comparison. This suggests that Nokia’s liquidity (cash) position has not improved. 8-40
Image of page 40

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Chapter 08 - Cash and Internal Controls Global Decision ( Concluded) 2. Cash, beginning-year (EUR millions) .................................................. 1,706 Cash, year-end (EUR millions) ............................................................. 1,142 Percent change * ........................................................ (33.1)% decrease *[(1,142 – 1,706) / 1,706] 3. Days' Sales Uncollected Formula (EUR millions) Days’ sales uncollected = x 365 Current Year: x 365 = 71.1days Prior year: x 365 = 68.0 days The number of days of uncollected sales in accounts receivable has increased from the prior year to the current year. Nokia is not collecting its receivables as efficiently this year compared to its prior year. 8-41 Accounts receivable Net sales 7,981 40,984 9,444 50,710
Image of page 41
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern