Short Answer 1. In class, we have explored a number of concepts relative to Current Asset management and Working Capital. Please respond to the following: a) How does management of Working Capital affect the risk/return conditions for a firm? b) What factors limit a firm's ability to control its Working Capital? That is, in what ways is current asset investment and financing determined by factors outside of the firm's control? c) How do specific policies that a firm adopts relative to its current assets and liabilities-e.g., cash, A/R, inventory. A/P affect the level of investment in current assets and its working capital situation