Financing Current Operations And The Cash Budget

John B. Guerard and Eli Schwartz
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John B. Guerard: McKinley Capital Management, Inc.
Eli Schwartz: Lehigh University

Chapter Chapter 6 in Quantitative Corporate Finance, 2007, pp 105-122 from Springer

Abstract: Abstract A firm with increasing sales volume needs increased current assets to service the new level of activity. Given normal inventory turnover, higher sales necessitate a higher level of stocks. Similarly, greater sales levels enlarge the average amount of receivables the firm carries, since additions to the accounts come in faster than old accounts are collected. The corporation officers responsible for working capital management must decide how to finance the required increase in current assets.

Date: 2007
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DOI: 10.1007/978-0-387-34465-2_6

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