EX-99.16 16 ex9915.htm WORKING CAPITAL ex9915.htm
 
Exhibit 99.15
(Text of graph posted to Ashland Inc.'s website concerning
operating segment trade working capital)
 
 
Operating Segment Trade Working Capital % of Annualized Sales *
 
 Monthly Actual (%)  
             
 
2006
 
 2007
 
2008
 
January    
 16.2
 
 16.2
 
February
   
 16.8
 
 15.9
 
March
   
 15.3
 
 14.3
 
April
   
 15.9
 
14.4
 
May
   
 15.5
     
June 
   
  15.3
     
July
   
 16.0
     
August
   
 15.3
     
September
   
 15.3
     
October
 13.6
 
 15.2
     
November
 14.6
 
 15.8
     
December
 15.5
 
 16.6
     
             
 * NOTE:  Selected Working Capital Components - April 30, 2008  
             
 Unaudited Data            
 ($ in millions)
Operating Segments(a)
 
Other Components
  Total  
             
 Accounts receivable (b)
  1,445
 
51
 
 1,496
 
 Inventories (c)
    707
 
 (171)
 
    536
 
 (Less) Trade and other payables
   (947)
 
 (194)
 
 (1,141)
 
 Net
1,205
 
 (314)
 
    891
 
             
 (a)  Represents amounts considered in 2008 internal perfomance metrics applicable to most employee.  
 (b)  Accounts receivable is shown net of allowances for doubtful accounts.  
 (c)  Operating segment amount excludes LIFO reserve, which is presented under Other Components.