SHORT-TERM FINANCE AND PLANNING精选.pdfVIP

LEARNING OBJECTIVES After studying this chapter, you should understand: LO1 The operating and cash cycles and why they are SHORT-TERM important. LO2 The different types of short-term fi nancial policy. FINANCE AND LO3 The essentials of short- 18 term fi nancial planning. LO4 The sources and uses of PLANNING cash on the balance sheet. WITH GASOLINE PASSING $4 PER GALLON in While Honda does not release precise data, the com- 7 mid-2008, sales of hybrid automobiles really began to pany reported that the inventory period for the Honda T R pick up. For example, during 2007, the hybrid version Civic hybrid was a “few days.” More impressively, the A of the Saturn Vue sat on dealer lots for 63 days, on average Toyota Prius rolled off the lot in only 17 hours. P average, before selling. By the summer of 2008, this As this chapter explores, the length of time goods are period had fallen to 17 days. Overall, hybrids sat for carried in inventory until they are sold is an important t n 23 days during April and May 2008, which is