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1) The chief executive officer (CFO) of a manufacturing company that is facing a severe cash crunch has a variety of working capital management tools available to address the crisis. These could...

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1) The chief executive officer (CFO) of a manufacturing company that is facing a severe cash crunch has a variety of working capital management tools available to address the crisis. These could include any combination of new accounts receivable, accounts payable, inventory, or cash management strategies. One popular strategy is to simply stop paying the bills altogether.
Discuss the ethics of this practice. If you were the CFO of this company, how might you go about implementing the strategy of not paying bills? (Deliverable length 200 words with the references.)
2)Analyze S&J Plumbing, Inc.'s balance sheet below:
Calculate the following:
• current ratio
• quick ratio
• net working capital
Write a 1-page report that discusses the liquidity of S & J Plumbing Incorporate. Include the references.
3) Based on the numbers from your Individual Project, do you feel that the manager of S&J Plumbing, Incorporated has delivered a good profit margin? Support your argument.

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1) The chief executive officer (CFO) of a manufacturing company that is facing a severe cash crunch has a variety of working capital management tools available to address the crisis. These could include any combination of new accounts receivable, accounts payable, inventory, or cash management strategies. One popular strategy is to simply stop paying the bills altogether. Discuss the ethics of this practice. If you were the CFO of this company, how might you go about implementing the strategy of not paying bills? (Deliverable length 200 words with the references.) 2)Analyze S&J Plumbing, Inc.'s balance sheet below: Calculate the following: current ratio quick ratio net working capital Write a 1-page report that discusses the liquidity of S & J Plumbing Incorporate. Include the references. 3) Based on the numbers from your Individual Project, do you feel that the manager of S&J Plumbing, Incorporated has delivered a good profit margin? Support your argument.

Answered Same Day Dec 23, 2021

Solution

David answered on Dec 23 2021
125 Votes
1) The chief executive officer (CFO) of a manufacturing company that is facing a severe cash crunch has a variety of working capital management tools available to address the crisis. These could include any combination of new accounts receivable, accounts payable, inventory, or cash management strategies. One popular strategy is to simply stop paying the bills altogether.
Discuss the ethics of this practice. If you were the CFO of this company, how might you go about implementing the strategy of not paying bills? (Deliverable length 200 words with the references.)
 Solution:
The chief executive officer (CFO) of a manufacturing company that is facing a severe cash crunch has a variety of working capital management tools available to address the crisis. These could include any combination of new accounts receivable, accounts payable, inventory, or cash management strategies. One popular strategy is to simply stop paying the bills altogether. But this is not ethical. A company should instead inform its creditors about its problem and then ask for some time so that it can make the payments properly. Individual ethics are the moral values that a person in the society or an individual is expected to observe and follow in all his endeavors. Organizational ethics are those...
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