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Fun Time Watersports, the largest surfboard dealer in Northern Saskatchewan, had an excellent spring and summer season last year. Inventory was purchased from February to
Fun Time Watersports, the largest surfboard dealer in Northern Saskatchewan, had an excellent spring and summer season last year. Inventory was purchased from February to May and almost all of it has been sold with excellent profit margins. The company's cash balance is higher than it has ever been before, and management is looking at investing the cash in perpetual corporate bonds issued by a company based in South Korea. Discuss.
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