['INVESTMENT', 'ANALYSIS', 'Average', 'Accounts', 'Receivable', 'Turnover', '34', 'Favorable', 'trend', 'in', '1990', 'due', 'to', 'combination', 'of', 'higher', 'sales', '(pricing)', 'and', 'lower', 'receivables', 'from', 'elimination', 'of', 'trade', 'loading', 'and', 'EFT', 'payment', 'acceleration', 'and', 'increased', 'EFT', 'participation.', 'Ave', 'Vv', '33', 'Favorable', 'trend', 'is', 'due', 'to', 'higher', 'sales', 'in', '1990', 'and', 'lower', 'FG', 'inventories,', 'principally', 'from', 'elimination', 'of', 'trade', 'loading.', 'Leaf', 'Inventory', 'On', 'Hand', '(Months', 'Supply)', '33', 'Consistent', 'with', 'current', '3-crop', 'blend', 'policy.', 'Utilize', 'stab/pool', 'reserves', 'as', 'just-in-time', 'receipts', 'and', 'lower', 'open', 'market', 'purchases', 'in', '1990', 'will', 'lower', 'inventory', 'levels.', 'Average', 'Working', 'Capita]', 'Turnover', '3', '1990', 'improvement', 'from', 'lower', 'Working', 'Capital', 'due', 'primarily', 'to', 'savings', 'programs,', 'principally', 'leaf', 'inventory', 'management', 'and', 'EFT', 'payment', 'acceleration', 'and', 'increased', 'participation.', '1989', '31', '29', 'Average', 'Tota]', 'Investment', '(in', 'MM)', '$2,867.8', '$3,065.7', '$250.1', 'decrease', 'in', '1990', 'due', 'to', 'various', 'working', 'capital', 'reduction', 'prograns,', 'and', 'lower', 'capital', 'spending.', ' ', '45', '24', '$2,815.6', 'Average', 'Cash', 'Flow', '(in', 'MM)', '$', '668.7', '$', '509.8', '$1,038.8', '%', 'Change', '1990', 'increase', 'due', 'to', 'a', 'combination', 'of', 'favorable', 'factors:', 'higher', 'sales', 'fron', 'volume/pricing;', '1990', 'savings', 'programs', 'totaling', '$420', 'million', 'and', 'lower', 'capital', 'expenditures.', '92', '(23.8)%', '103.8%', 'L999', '909TS', ' ']