BOSTON (Reuters) - The brutal recession has made it increasingly difficult for corporate executives to forecast cash flow, a problem that could contribute to a surge in bankruptcies in the face of weak credit markets.
About 80 percent of the 1,000 largest global companies are unable to forecast cash flow over the next quarter within a 5 percent range of their actual performance, according to a study by Hackett Group Inc (HCKT.O) unit REL.
This article available online at:
http://www.theatlantic.com/business/archive/2009/07/poor-cash-forecasting-could-mean-more-bankruptcies/20809/
