The 2016 US Working Capital Survey identified some possibly worrisome signs of deteriorating working capital performance. For instance, the cash conversion cycle (CCC) performance among the 1,000 companies tracked declined by 2.4 days, or 7%, from the prior year. The 35.5-day CCC average is now higher than at any time since 2008. Moreover, the companies surveyed are $4.86 trillion in debt, more than double 2008 levels.
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