As a result GTSI has receivables equal to 42 days of sales, down from 60 days in 1996.
"I had receivables, but the buys I wanted to make were time-sensitive".
The Chemical Banking Corporation said yesterday that two subsidiaries had developed a program to create securities out of the credit-card receivables of the Allied Stores Corporation, which has received protection from its creditors under Chapter 11 of the Federal Bankruptcy Code.
If you have received a bill from MIT Accounts Receivable and don't want to pay with a credit card or by wire transfer, you may pay with a check.
The Xerox Corporation said yesterday that it had received $496 million in financing from GE Capital, secured by portions of the company's lease receivables in the United States.
The firm has consistently denied that it has plans to file for Chapter 11 bankruptcy protection, and partners at the firm say that it still has revenue from receivables, from selling business units and from operating its training center in St. Charles, Ill.
Mr. Raju has told investigators that he had secretly pledged Satyam's receivables from January to March 2009 to raise $245 million, according to accounts in the Indian press.
MBIA has persuaded its auditors to let it book $2.1 billion in receivables from banks, although only one small bank has reached a settlement with the insurer.
The easiest way to get paid is not to have any receivables at all.
Gregory McCrickard, a fund manager at T. Rowe Price, says that if cash flow from operations has stalled and receivables and inventory are on the rise, "get out of there don't let them explain it away".
