suppose you can decrease the cash on hand and the


Suppose you can decrease the cash on hand and the company will require holding Net Working Capital (including cash) equal to 4% of the next year's sales going forward.  This will result in a very large reduction in NWC in 2007.  You will also require to project 2012 Sales to calculate the NWC in 2011.

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Financial Management: suppose you can decrease the cash on hand and the
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