As of the end of December, the current liabilities of the Large Steel Company are $800 million
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As of the end of December, the current liabilities of the Large Steel Company are $800 million and its liquid assets are $600 million. The funds generated by operations in the past year were $1 billion, and it is expected that this rate will continue in the future.
How many days of funds generation would be needed to pay the amount of current liabilities in excess of liquid assets?
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Related Book For 
An Introduction To Accounting And Managerial Finance A Merger Of Equals
ISBN: 9789814273824
1st Edition
Authors: Harold JR Bierman
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