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Use the table below, summarized from CFO Magazines 2006 working capital survey to answer this question. Compare Genzymes CCC to that of Quest Diagnostics. What

Use the table below, summarized from CFO Magazines 2006 working capital survey to answer this question. Compare Genzymes CCC to that of Quest Diagnostics. What do the CCC for the two companies tell us about their working capital management? Why is Genzymes 2005 CCC different from Quests? Suppose that Genzymes annual sales are $2,734,842,000 and its cost of capital is 15%. If Genzymes CCC drops to the level of Questss, how much savings will Genzyme generate in net working capital and what is the annual benefit of this savings in dollars?

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