In that year, we were early on in terms of diversifying the portfolio -we'd only been working on that program for two years -and even so,the negative return was less than 1%, so it was a modest negative return.

在那一年,我们还处于投资组合多元化的初期,刚刚开始2年,即便如此,股灾时我们的亏损小于1%,这只是一个轻微的亏损

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With inventory averaging 35 days of sales and accounts payable averaging 45 days, the company has negative working capital needs.

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The shift to agency model will have a negative impact on working capital as well, but Expedia feels that it has a strong balance sheet to support the same.

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The negative perception about working women is deeply ingrained.

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