A large amount of a typical financial manager's time is spent on working capital management. Working capital policy involves two basic questions: (1) What is the optimal amount of each type of current asset for the firm to carry and (2) how should current asset holdings be financed? -Select- is defined as current assets It's important to understand working capital terminology and the basic definitions. Working capital is simply -Select- minus current liabilities. Net operating working capital (NOWC) is defined as current assets minus the difference between current liabilities and notes payable. NOWC represents working capital used for -Select- purposes. offer NE

Blank 1- current liablilities/ current assests/ common stock

blank 2- net sales revenue/ paid in capital/ net working capital

blank 3- operating/ finacing/ budgeting

Lorge amount of a typical financial manager's time is spent on working capital management, Working capital policy involves two basic questions: (1) What is the optimal amount of ach type of current asset for the firm to carry and (2) how should current asset holdings be finunced? is important to understand working capital terminalogy and the basic definitions. Working capital is simply is defined as current assets ninus current liabilibes, Net operating working capital (NOWC) is defined as current assets minus the difference between current liabilies and notes payable. NowC represents roring capital used for purposes