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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Glenn D. Rudolph who wrote (38425)	2/6/1999 3:16:00 PM
From: damniseedemons	Read Replies (2) \| Respond to of 164684

The way this works from amazon's cash-oriented viewpoint: current liabilities should be thought of as Assets. And current assets are considered Liabilities. That is their working capital advantage... they can have those current liabilities (accounts payable) and enjoy the Float for 52 days.. ..And their current assets (accounts receivable and inventory) will soon become cash--but is not cash just yet, which from their perspective is a liability. Net net, it's like Amazon gets a free 36-day bank loan! And the larger their revenues grow, the more gross dollars they'll have as float during that time period.