1. Why is working capital one of the most important activities of a financial manager? What is the net working capital?

2.tryst Enrgy inc. Has an averagenof inventory of 65 days, an average collection period of 60 days and an average payment period of 65 days, The firms total annual outlays for operating cycle investment are $3.65million. Assumingna 365day year,how much financing is required to support its cash conversion cycle?