CorporateFinancialModelsandLong-TermPlanning幻灯片.pptVIP

27.1 Tracing Cash and Net Working Capital Current Assets are cash and other assets that are expected to be converted to cash with the year. Cash Marketable securities Accounts receivable Inventory Current Liabilities are obligations that are expected to require cash payment within the year. Accounts payable Accrued wages Taxes 27.2 Defining Cash in Terms of Other Elements Net Working Capital + Fixed Assets = Long-Term Debt + Equity Net Working Capital = Cash Other Current Assets Current Liabilities + – Cash = Long-Term Debt + Equity – Net Working Capital (excluding cash) Fixed Assets – 27.2 De