Giorgio Armani

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Part D. Accounting Policies Revenue Recognition: Revenue is recognized when the goods are sold and the risk of loss is transferred to the customer. Cash: Included are highly liquid investments of 3 months or less. This includes short-term investments in debt securities. Inventories: The company uses the “First in First Out” (FIFO) method. Property and Equipment: Shown as initial cost less accumulated depreciation and amortization on a straightline basis over 37.5 years.
Working Capital Current Ratio Part E. Financial Analysis Receivable turnover Average days’ sales uncollected Inventory turnover Average days’ inventory on hand Liquidity Ratios 2007: $443,580 2006: $535,384 2007: 2.669 2006: 4.145 2007: 26 days 2006: 24 days 2007: 14 days 2006: 15 days 2007: 2.167 2006: 2.044 2007: 168.436 2006: 178.571
Page 1 and 2: Giorgio Armani Salar Azam Zangeneh
Page 3 and 4: • Giorgio Armani • Via Borgonuo
Page 5 and 6: Part A. Stock Market Information
Page 7 and 8: Part C. Income Statement •The for
Page 9: Part C. Statement of Cash Flows •
Page 13 and 14: Part E. Financial Analysis Solvency

Giorgio Armani

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