Exhibit 99.16
(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 | |||||
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 - March 31, 2008 | ||||||
Unaudited Data | ||||||
($ in millions) | Operating Segments(a) | Other Components | Total | |||
Accounts receivable (b) | 1,412 | 86 | 1,498 | |||
Inventories (c) | 716 | (171) | 545 | |||
(Less) Trade and other payables | (947) | (182) | (1,129) | |||
Net | 1,181 | (267) | 914 | |||
(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. |