Log on to finance.yahoo.com and find the condensed balance sheets and income statements for Merck (MRK) and
Question:
Log on to finance.yahoo.com and find the condensed balance sheets and income statements for Merck (MRK) and Consolidated Edison (ED). Calculate their net working capital and the cash cycle. By how much would the investment in net working capital fall if each firm could reduce its cash cycle by one day?
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To calculate net working capital for Merck and Consolidated Edison you will need to use the informat...View the full answer
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9781264101566
11th Edition
Authors: Richard A. Brealey, Stewart C. Myers, Alan J. Marcus
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