Working capital management

Free IMA CMA Part 2 (Strategic Financial Management) lesson in Corporate Finance. 8 min read, ~1,273 words.

Working capital = current assets. Net working capital = CA − CL. Three cash motives: transaction, precautionary, speculative. Lockbox is profitable when float-saving interest fees. EOQ = √(2DO/C); JIT pushes orders small and frequent. Maturity matching: permanent CA funded long, seasonal CA funded short.

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