Entête de question
An analyst is interested in assessing both the efficiency and liquidity of Spherion PLC. The analyst has collected the data in Exhibit 1 for Spherion:
| FY3 | FY2 | FY1 | |
|---|---|---|---|
| Days of inventory on hand | 32 | 34 | 40 |
| Days sales outstanding | 28 | 25 | 23 |
| Number of days of payables | 40 | 35 | 35 |