By the end of this chapter, you should be able to:
• Describe the characteristics of the key short-term assets.
• Distinguish the effects of alternative management policies on working capital.
• Explain the cash conversion cycle.
Starting with this chapter, you will take a step-by-step tour of the Balance Sheet. You will learn how the operating manager affects these accounts and how the financial information reflected in these accounts affects the operating manager. This particular chapter concentrates on short-term assets, those that make up the working capital assets. These ...