Sample Essay

The managers of both companies in reply to the question about speeding of cash flows stated that the payment of accounts payable was an important element impacting the cash flow.
The credit term for payment to suppliers as stated by the managers of Marks and Spencer is 30 days and the company management is trying to increase the payment period to suppliers and take advantage form the various business floats in international payments. The credit term for suppliers in Debenhams is 60 days which is much better than Marks and Spencer and gives the company an extra 30 days of free cash to utilise in operations or short term investments. The company also takes advantage of the same business floats for international payments as Marks and Spencer.

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