FIN 486 Week 5, Individual Assignment - Final Exam

Apr 24th, 2015
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FIN 486 Week 5, Individual Assignment - Final Exam

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Final ExamFIN 486 Strategic Financial ManagementFinal Exam, 4 Questions, 5 points each: page per questionQuestion 1 You are the CFO at a manufacturing company. Your company is anticipating an impending cash crunch. What short-term working capital strategies might you employ? Why? In what order would you implement them? Why?The short-term working capital strategies, according to order of implementation, I might employ are: 1. More efficient inventory management. The management of inventories is completely within the control of the company as third parties are not involved. Hence, improvements and changes on how the company manages its inventories can be implemented immediately. 2. Review and tightening of the company's credit policies. This strategy is admittedly harder hence it is the second strategy that has to be implemented. This strategy aims to lessen the cash conversion cycle of the company's sales to accounts receivable to cash. 3. Negotiate longer credit terms with suppliers. This is perhaps the most complicated of the strategies as the company will have to ask concessions from third parties, hence this is last. The aim of this strategy is leng

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