(Cash management) As the economy entered the new millennium, Internet companies were competing head-to-head in many markets...
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(Cash management) As the economy entered the new millennium, Internet companies were competing head-to-head in many markets with established, traditional retailers for the consumer’s dollar. In comparing the financial statements of “e-tailers” relative to traditional retailing firms such as Wal- Mart, one interesting difference is the comparatively large amount of cash held by the Internet firms. Using concepts presented in this chapter, discuss the most plausible explanations for the Internet companies holding such large sums of cash.
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Related Book For
Cost Accounting Foundations And Evolutions
ISBN: 9780324235012
6th Edition
Authors: Michael R. Kinney, Jenice Prather-Kinsey, Cecily A. Raiborn
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