48. (Cash management) Data extracted from a recent balance sheet of Huntington Tire Company follow. The firm manufactures tires that are sold both to car manufacturers and tire wholesalers.

Current assets (in millions)

Cash $ 10 Accounts receivable 140 Finished goods inventory 25 Work in process inventory 170 Materials 90 Current liabilities Accounts payable $ 22 Other 7 Discuss recommendations that could be made to Huntington Tire Company managers to improve its cash position. Focus your discussion on the operating cycle rather than on other means of raising cash.