1. Answers the questions about working capital and inventory management:
   1. Define working capital management.
   2. What are the internal and external factors affecting a companys working capital needs?
   3. Assessing a companys liquidity is an important aspect of working capital management. What ratios are available to assist in this process?
   4. Inventory management is a key aspect of working capital management. What is the objective of inventory management?
   5. What are the motives for holding inventory?
   6. What are the approaches to managing inventory levels?
2. Fully explain the reasoning behind each symbol and connection underneath your anwers.