"Companies Fall Behind In Cash Management" Says WSJ

Jun 19 07

"Companies Fall Behind In Cash Management" Says WSJ. "Some of the biggest publicly listed U.S. companies are now carrying a total of as much as $764 billion in excess working capital -- the cash used to finance the day-to-day operations of a business -- because of inefficiencies in the ways they collect on bills from customers, pay suppliers and manage inventory that is manufactured overseas, according to a survey by Hackett-REL," says the brief article.

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