Decompose the ratio of operating working capital to sales for ShipCo into operating cash days,...
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| Decompose the ratio of operating working capital to sales for ShipCo into operating cash days, accounts receivable days, inventory days, accounts payable days, and accrued expenses days. (For comparability, use sales in all calculations.) Compare these results with those in Exhibit 10.14 for DefenseCo, a large diversified defense contractor. Which firm is showing a better trend in its management of its working capital? What might explain the differences in these variables? |
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