Due to a reduction in sales revenue and a fall
in group profits the Board of Directors is investigating inventory management,
credit control and current liquidity In order to make meaningful comparisons.
Your line manager has asked a few staff in the department to analyse the final
accounts of competitors and you have been selected to joint this group.
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analysis, the components of working capital for your chosen competitor. - Using your analysis,
explain how working capital can be managed effectively in business
organisations.
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