Thank god! That's what I wrote! I thought the wording of that one was a bit ambiguous, but otherwise not a real challenging exam...just as long as u knew ur stuff (obviously ).strike said:efficiency ratio improves = greater net profit margin = greater cash flow = more cash in current assets = higher working capital.
accounts receivable turnover ratio = less turnovers = money lost on delinquent accounts and cash inflows would be coming in less often = working capital/cash flow problems.
factoring could be used to improve working capital in the short term if business is in trouble, but for medium-long term requires control of current assets and liabilities and reduced credit terms.
I admitt that there are skanky lill12 yr ol gals out there but i dont think that society in general ie magazines n shit set a good example for them n not all q12 yr ol gals r skanky lill whores.SaMi5 said:hey... wel i just read ur lil domestic yas had n im a chick n wen i read that Q i thort bout lil skanky chicks gettin their parents to buy them too