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Working Capital Performance Deteriorates at Two-Thirds of Companies
NEW YORK, July 18 /PRNewswire/ -- Nearly two-thirds of the companies included in the annual Ernst & Young working capital survey reported deteriorations in performance in 2009 compared to 2008, with cash-to-cash (C2C) increasing by as much as 6% in the US and 3% in Europe.
All tied up, a report on the working capital performance of the 2,000 largest companies by sales, headquartered in the US and Europe, also finds that companies now have an aggregate total of up to US$1.1 trillion of cash unnecessarily tied up in working capital, an amount equivalent to nearly 7% of sales.
Six Words Describing Working Capital Loans
In addition to reducing credit card processing costs, practical working capital alternatives include working capital loans and merchant cash advances. We are providing a series of six-word descriptions about working capital financing options in order to give business owners a concise explanation of the problems which should be anticipated. Several reports which include "seven words to describe commercial mortgage loans" contain additional small business finance perspectives. Because even the most successful businesses need an effective source for short-term funding, working capital management has become an increasingly critical topic for small business owners during the recent business lending crisis.
Small business online accounting
A small business is a business that is privately owned and operated, with a small number of employees and relatively low volume of sales. Small businesses are normally privately owned corporations, partnerships, or sole proprietorships.
Yamana Gold reports first quarter 2010 results
- Continued production, revenues, earnings and cash flow growth -
TORONTO, May 3 /PRNewswire-FirstCall/ - YAMANA GOLD INC. (TSX:YRI; NYSE:AUY; LSE:YAU) today announced its financial and operating results for the first quarter ended March 31, 2010.