An analyst is interested in assessing both the efficiency and liquidity of Spherion PLC. The analyst has collected the following data for Spherion:
|
FY3 |
FY2 |
FYI |
|
|
Days of inventory on hand |
32 |
34 |
40 |
|
Days sales outstanding |
28 |
25 |
23 |
|
Number of days of payables |
40 |
35 |
35 |
Based on this data, what is the analyst least likely to conclude?
A. Inventory management has contributed to improved liquidity.
B. Management of payables has contributed to improved liquidity.
C. Management of receivables has contributed to improved liquidity.