Exhibit 99.1
(Text of graph posted to Ashland Inc.'s website concerning 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% | ||
April | 15.9% | ||
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 - February 29, 2008 | |||
Unaudited Data | |||
($, millions) | Operating Segments (a) | Other Components | Total |
Accounts receivable (b) | 1,407 | 82 | 1,489 |
Inventories (c) | 725 | (173) | 552 |
(Less) Trade and other payables | (912) | (186) | (1,098) |
Net | 1,220 | (277) | 943 |
(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. |