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vvnsw · 2024年07月04日

Net working capital

NO.PZ2023090505000021

问题如下:

Which of the following actions is most likely classified as a conservative approach to working capital management?

选项:

A.

Minimize inventory levels

B.

Greater reliance on long-term debt and equity financing

C.

Lower level of short-term assets

解释:

B is correct.

A conservative approach to working capital management involves more cash, receivables, and inventory relative to sales, with a greater reliance on long-term funding sources. While this strategy provides a firm with the most financial flexibility to meet its needs, it is also typically the costliest

Net working capital 不是本來就不算long term debt嗎?

1 个答案

王琛_品职助教 · 2024年07月05日

嗨,爱思考的PZer你好:


1

同学关于净营运资本 NWC Net working capital 的理解是正确的

NWC 的定义中,确实不包含长期债务

2

其实不光 NWC,总营运资本 TWC Total working capital 的计算中,其实也是不考虑长期债务的

3

但是之所以在运营资本管理策略的背景中,出现长期债务的考虑

主要是因为融资时,如果从短期和长期角度考虑

融资相同的金额,短期债务多,则长期债务少

所以讨论长期债务的多少,其实就是在讨论短期债务的多少

而短期债务,会影响 CL,从而影响 TWC

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虽然现在很辛苦,但努力过的感觉真的很好,加油!