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Working Capital Management: Managing Cash Flow Between Medicine Purchases and Customer Payments
Yonas had a good month, by most measures. His pharmacy in Hawassa sold more than it had in any month the previous year, the shelves were full, and customers were coming in steadily from morning until closing. Then, on the last Tuesday of the month, he could not pay his supplier. The invoice was due, the amount was modest, and the medicines had arrived on time. But the cash in his account had...
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