Based on the Massy Group, an investment holding company, answer the following questions. Provide a detailed explanation and examples for the answers.
1. Assess the company’s working capital position by analyzing its current assets and liabilities using common methods and measures and perform a comparison/difference to that of another company.
2. Evaluate the efficiency of the company’s working capital management strategies, including inventory management, accounts receivable, and accounts payable and perform a comparison/difference to that of another company.
3. Based on the assessment and evaluation above, provide ten recommendations for improving the company’s working capital management practices, providing examples for each one.