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According to the author,what has been a significant factor in the large number of consolidations in the wholesale distributor industry?
Working Capital
The difference between a company's current assets and current liabilities, indicating the short-term liquidity of the company.
Serial Bonds Payable
Bonds issued by an entity that are scheduled to be repaid in regular installments over a period until the total principal is paid off.
Accounts Payable
Liabilities owed to creditors for goods and services purchased on credit.
Retained Earnings
The portion of a company's profits that is kept or retained rather than paid out as dividends to shareholders, often used for reinvestment in the business.
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