Overall, the total amount of capital which the company acquired is too low compared to the amount of capital which the company squatter. This shows that the management of the company's commercial credit is not good. Instruments that the company has yet to take full advantage of commercial credit channel to make raising capital operation, besides the receivables Administration lacks. So, the next time the company should attach importance to exploit and make use of this channel to mobilize capital. Besides that, the company should improve receivables management policies to mitigate the damage to the effective use of the company's capital
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