3 ms·
Good point: note that they get the customer's money before they pay the supplier (their accounts payable are a multiple of receivables), and they sell the merch
by MaysonL 12y ago
Good point: note that they get the customer's money before they pay the supplier (their accounts payable are a multiple of receivables), and they sell the merchandise before they pay for it (their payables are a multiple of their inventory).