Kimberly-Clark [KMB] is a consumer and business-to-business products manufacturing firm. Analyze Kimberly-Clark’s credit policy as compared with peers in its industry. Answer the following questions:
a. What has been the trend of Kimberly-Clark’s receivables turnover during the past five years?
b. Find the peers of Kimberly-Clark based on its industry group. Pick two of Kimberly-Clark’s peers and determine the trend of these firms’ receivables turnovers during the past five years.
c. What conclusions can you make about Kimberly-Clark’s credit policy as compared with other firms in its industry? Explain your answer.