Question: 4. a) Why must working capital be managed ? b) What is (are) the goal(s) of working capital management ? c) Create an example and

4. a) Why must working capital be managed ?

b) What is (are) the goal(s) of working capital management ?

c) Create an example and explain the Cash Budget.

d) How is a Cash Budget distinct from an Income Statement ?

e) What are some techniques that a company may undertake to improve its working capital position ?

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