Prepare a 2 to 3 page summary describing effective techniques in managing a firm’s Working Capital (CO 8).

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FINC 300
Prepare a 2 to 3 page summary describing effective techniques in managing a firm’s Working Capital.
The term working capital refers to a firm’s short-term assets, such as inventory, and its short-term liabilities, such as money owed to suppliers. Managing the firm’s working capital is a day-to-day activity that ensures the firm has sufficient resources to continue its operations and avoid costly interruptions. This involves a number of activities related to the firm’s receipt and disbursement of cash.
Ross, Stephen, Randolph Westerfield, Bradford Jordan. Essentials of Corporate Finance, 8th Edition. McGraw-Hill Learning Solutions, 01/2013. VitalBook file.