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Chapter 16: i.Why does the typical firm need to make investments in working capital? ii. Define and describe the difference between the operating cycle and

Chapter 16:

i.Why does the typical firm need to make investments in working capital?

ii. Define and describe the difference between the operating cycle and cash conversion cycle for a typical manufacturing company?

iii. Why is no single working capital investment and financing policy necessarily optimal for all firms? What additional factors need to be considered in establishing a working capital policy?

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