Last month, BlueSky Airline announced that it would stretch out its bill payments to 45 days from
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Last month, BlueSky Airline announced that it would stretch out its bill payments to 45 days from 30 days. The reason given was that the company wanted to “control costs and optimize cash flow.” The increased payables period will be in effect for all of the company’s 4,000 suppliers.
Why don’t all firms increase their payables periods to shorten their cash cycles?
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While extending payables periods can help a company manage its cash flow more effectively there are several reasons why not all firms choose to adopt this strategy Relationship with Suppliers Lengthen...View the full answer
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Related Book For 
Corporate Finance
ISBN: 9781265533199
13th International Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
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