Financial Management Strategies Flashcards
0
Q
What are some ways to improve your working capital ratio?
A
Control of current assets - cash, receivables, inventories
Control of current liabilities - payables, loans, overdrafts
Strategies - leasing, sales and lease back
1
Q
In what ways can you manage and improve your cashflow?
A
Distribution of payments
Discounts for early payments
Factoring
2
Q
What are some ways to improve profitability?
A
Cost controls - monitoring fixed and variable costs, expense minimization, cost centres
Revenue controls - marketing objectives through improving sales mix and pricing policy
