Table 5 shows that the cooperatives almost implemented WCM along current liabilities management. The result means that the cooperatives are utilizing credit to support their day-to-day activities and they are almost committed in fulfilling their short-term obligations.
As shown in Table 6, the cooperatives almost implement payables management. The result seems to manifest that the cooperatives purchase goods on account when needed and when they are allowed by their suppliers. It shows that they give importance on payables management since they are using credit to allow them to procure inventory without needing to disburse cash immediately. They almost implement budgeting of accounts payable, utilizing credit to finance their inventory needs, and maximizing credit terms given by their suppliers.
The result in Table 7 shows that the cooperatives fully implement making timely payments for their accrued expenses such as labor, taxes, interest, utilities and others. This means that they ensure that they pay their recurring expenses without any delay. It is noteworthy also that they almost implement indicators such as minimizing their accrued expenses, matching accrued expenses to their current assets, planning and budgeting, and ensuring availability of cash to meet penalties or overdue interest in case they are in default.
In Table 8, it presents that the cooperatives almost implement short-term loans management. It is notable that they give importance on ensuring that they have enough capacity to meet their commitments to their creditors. Primarily, they match their current assets to their loans such as maintaining availability of inventory and receivables to be converted into cash to pay their loans and interest on time. Also, they ensure that they have additional capacity in case the cooperative needs to incur additional cost (e.g. overdue interest, penalties, charges, etc.) due to delay in payment.