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What suggestions you make to help improve cash position

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Question - The owner of a small business is constantly running out of cash which has given him a slow pay label with his vendors. The days sales outstanding number has increased from 45 to 65 days and inventory turnover has decreased from 4.6 to 3.0. Given the current conditions he has decided to get a working capital loan or seek an investor. Either one will result in a high interest rate or giving up a significant portion of the business. What suggestions would you make to help improve his cash position?

Reference no: EM132848645

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