SWM - Mark Moore

0.1 Total Accruals/Sales 0.05 0 -0.05 -0.1 -0.15 -0.2 -0.25 -0.3 2004 2005 2006 2007 2008 SWM AOI UVV Industry Average The graphs above indicate that the industry as a whole receives a majority of its sales incash or in other methods as opposed to on account. From the graph Alliance One experiencesa large deviation in its ratios in comparison from the rest of the industry that could raise apotential red flag. Schweitzer Mauduit and Universal maintained steady ratios and performed inthe same way as the industry. When the industry experienced an increase or decrease in theratio as did the two firms. Signifying that all the firms would most likely not experience troubleswhen attempting to meet short-term liabilities.88