Part III
Working Capital Management
Selection of a project and investment in fixed assets is not enough. A firm has to make investment in current assets so as to facilitate actual operation. The management of current assets and their financing form the subject-matter of this part of the book. To be precise, it incorporates the discussion on:
- Working capital policy;
- Management of cash and near-cash assets;
- Management of accounts receivable;
- Inventory management;
- Sources of short-term finance.
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