QUESTION THREE (a) Explain any five (5) determinants of working capital. (b) State any five (5) purpose of inventory management. (10 marks) (5 marks) (Total 15 marks) QUESTION FOUR (a) When determining the financial objectives of a company, it is necessary to take three (3) types of policy decision into account: investment policy, financing policy and dividend policy. Required: Discuss these THREE (3) types of decisions, commenting on how they are inter-related and how they might affect the value of the firm (that is the present value of projected cash flows). (6 marks)