0136091008_PPTsM21_Eiteman0136091008_12_MBF_C21课件.pptVIP

Chapter 21 Working Capital Management Working Capital Management in the MNE Working capital management in a multinational enterprise requires managing current assets (cash balances, accounts receivable, and inventory) and current liabilities (accounts payable and short-term debt) when faced with political, foreign exchange, tax, and liquidity constraints. The overall goal is to reduce funds tied up in working capital while simultaneously providing sufficient funding and liquidity for the conduct of global business. Working capital management should enhance return on assets and return on equit