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Financing Current Operations and the Cash Budget

In: Quantitative Corporate Finance

Author

Listed:
  • John B. Guerard Jr.

    (McKinley Capital Management, LLC)

  • Anureet Saxena

    (McKinley Capital Mgmt, LLC)

  • Mustafa N. Gültekin

    (University of North Carolina Chapel Hill)

Abstract

A firm with increasing sales volume needs increased current assets to service the new level of activity. Given normal inventory turnover, higher sales necessitate a higher level of stocks. Similarly, greater sales levels enlarge the average amount of receivables the firm carries since additions to the accounts come in faster than old accounts are collected. The corporation officers responsible for working capital management must decide how to finance the required increase in current assets.

Suggested Citation

  • John B. Guerard Jr. & Anureet Saxena & Mustafa N. Gültekin, 2022. "Financing Current Operations and the Cash Budget," Springer Books, in: Quantitative Corporate Finance, edition 3, chapter 0, pages 101-118, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-87269-4_6
    DOI: 10.1007/978-3-030-87269-4_6
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