August 2011
Beginner
547 pages
16h 12m
English
Content preview from Fundamentals of Financial Management, Third EditionBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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POINTS TO REMEMBER
- Distinguish between gross working capital and net working capital.
- While gross working capital means current assets, net working capital is equal to current assets minus current liabilities.
- Distinguish between permanent and variable current assets. What is their significance?
- The size of working capital maintained round the year is permanent working capital. Variable working capital arises during peak months/days to meet the additional demand.
- The conservative finance manager finances permanent and also a part of the variable current assets with long-term capital in order to avoid risk. The aggressive manager, on the other hand, finances variable current assets and also a part of permanent current assets with short-term ...
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