公司理财Chap006.pptVIP

Working Capital and the Financing Decision 6 Chapter Outline Working capital management Current asset management Asset financing Long-term versus short-term financing Risk and profitability vis-à-vis asset financing Expected value analysis may sometimes be employed Working Capital Management The financing and management of the current assets of a firm Crucial to achieving long-term objectives of the firm or its failure Requires immediate action The Nature of Asset Growth Effective current assets management requires matching of the forecasted sales and production schedules Differences in actua