3.4 Assignment: Working Capital Management

Resources

• Bible
• Textbook: Foundations of Financial Management 
• Website: Connect

Background Information

In this assignment, you will respond to several questions related to Chapter 6 through 8.

Instructions

1. Review the rubric to make sure you understand the criteria for earning your grade.
2. Review Chapters 6, 7, and 8 of Foundations of Financial Management.
3. In a Word document, respond to the following questions with 50 or more words per question:
   1. Describe the need for and process of accounts receivable factoring.
   2. List three issues related to managing inventory.
   3. List two options for increasing the firm’s days payable outstanding ratio.
   4. List and describe the various types of short-term financing.
4. When you have completed your assignment, save a copy for yourself and submit a copy to your instructor by the end of the workshop.