******The main objective of working capital management for a firm is to:

• minimize its inventory.

• minimize interest expenses of the firm.

• minimize its current assets.

• maximize the value of the firm.

• maximize its current liabilities.

• *****Which of the following transactions will decrease a firm's cash balance?

• The firm pays a previously declared cash dividend

• The firm sells some of its marketable securities

• The firm sells long-term bonds and uses the proceeds to repurchase stock

• The firm sells short-term bonds and uses the proceeds to purchase raw materials

• The firm collects on its receivables and purchases marketable securities