Foundations Of Financial Management
Foundations Of Financial Management
17th Edition
ISBN: 9781260013917
Author: BLOCK, Stanley B., HIRT, Geoffrey A., Danielsen, Bartley R.
Publisher: Mcgraw-hill Education,
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Chapter 6, Problem 3DQ
Summary Introduction

To explain:The significance of matching sales and production in working capital management.

Introduction:

Working capital management:

The strategy of a company to ensure or monitor that it uses its current assets and current liabilities efficiently is termed as working capital management. The working capital of a company comprises of investments in current assets, such as short-term assets like cash and bank balance, inventories, receivables, and marketable securities.

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