Question: To develop an explicit financial plan, managers must establish certain basic elements of the firm's financial policy, which of the following elements is related to

 To develop an explicit financial plan, managers must establish certain basic

To develop an explicit financial plan, managers must establish certain basic elements of the firm's financial policy, which of the following elements is related to the firm's net working capital? Multiple Choice - The amount of cash the firm thinks is necessary and appropriate to pay shareholders -The amount of liquidity and working capital the firm needs on an ongoing basis -The degree of financial leverage the firm chooses to employ -The firm's needed investment in new assets

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