
C H A P T E R
CHAPTER OBJECTIVES
After studying this chapter, you should be able to:
1 Highlight the importance of working capital.
2 Discuss the issues involved in cash management in the international context.
3 Understand the importance of international receivables management and the role of
factoring.
4 Explain the importance of inventory management in the international context.
5 Discuss various methods of financing current assets.
12
Management of Working
Capital: An International
Perspective
Introduction
The management of working capital involves the management of various current assets and
current liabilities of a firm, individually ...