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Calculate the net working capital and the cash conversion

Log on to finance.yahoo.com and find the condensed balance sheets and income statements for Merck (MRK) and Consolidated Edison (ED). Calculate the net working capital and the cash conversion cycle, discussed in Section 19.2, for each firm. By how much would the investment in working capital fall if each firm could reduce its cash conversion cycle by 1 day?

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Business Management: Calculate the net working capital and the cash conversion

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