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Industry characteristics Mr. Watson, our team has reviewed your concerns regarding the financial projections created by Mr. Finson, the company's CFO. As you already know, STC operates in a highly competitive and fast-changing industry. Its success is based on introducing innovative products and new technologies. Heavy investment in R&D is required because of the need to introduce new products and technologies. The company's goal from an innovative standpoint is to make its own products obsolete, before one of its competitors does. Industry financial profile Just based on the profile of the industry mentioned above, it is not advisable for STC to carry high amounts of inventory, as it quickly may become obsolete because of the short life cycles of products. Inventory probably has a shelf life of less than 2 years. Because of the high operational risk of the business, it is not recommended for STC to take on a high amount...

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