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To: Chuzzlewit who wrote (34906)3/19/1998 12:47:00 PM
From: SecularBull  Respond to of 176387
 
You & K. M. read too deeply into the GEICO comparison. The comparison was not that literal...

>>K.M., I agree with your points. That was one very sloppy analysis. I was in the insurance/reinsurance business, and they do use OPM, because premiums are pre-payments. I suppose that the closest thing here is that if you look at payables expressed in days of COGS you will find that it is greater than A/R expressed as days of sales. <<