Use the Following Firm Working Capital Cycle Information for Questions

question 13

Multiple Choice

Use the following firm working capital cycle information for questions
$\begin{array}{ll}\text { Days accruals}&10 \\\text {Days cash }& 7\\\text {Days inventory }& 33\\\text {Days accounts payables }& 21\\\text {Days accounts receivables }&35 \\\\\text { Average Daily COGS }&\$15\end{array}$

-What are the firm's estimated working capital needs?

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Definitions:

Newly Hired Workers

Employees who have recently started working for a company, often undergoing orientation and training periods.

High-Performance Work Systems

describe organizational approaches that integrate various aspects of human resource management to enhance employee effectiveness and organizational performance.

Quality Circles

Voluntary groups of workers who meet regularly to discuss and plan ways to improve product quality and work efficiency.

Self-Directed Work Teams

Groups of employees who manage their own tasks and responsibilities within a company without direct supervision, often leading to higher engagement and productivity.