Glasspray Corporation is a small firm that makes
industrial fiberglass spray equipment for a range of firms:
• Mom-and-pop boat makers
• Major industrial giants (overseas and here at home)
Nearly every molded fiberglass resin product is constructed with the help of one or more of the company’s machines 

Repeatedly runs into trouble with regard to the management of its current assets and liabilities as a result of extremely rapid and consistent increases in year-to-year sales
President and founder Stephen T. Rose:
• Lamented the sad state of his firm’s working capital position
• “Our current assets aren’t and our current liabilities are!”
• To the top officers: “We can’t afford any more increases in sales! We’re selling our way into bankruptcy! Frankly, our working capital doesn’t!”

9. What are two management techniques applied to current liabilities that Glasspray might use to improve its working capital position?
10. Explain one technique from question nine above.

Answer rating: 100% (QA)

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