Financing Current Assets(英文版)(ppt 32頁)

Financing Current Assets(英文版)內容提要：
Working Capital Financing Policies：
Moderate: Match the maturity of the assets with the maturity of the financing.
Aggressive: Use short-term financing to finance permanent assets.
Conservative: Use permanent capital for permanent assets and temporary assets.
What is short-term credit, and what are the major sources?
S-T credit: Any debt scheduled for repayment within one year.
Major sources:
Accounts payable (trade credit)
Bank loans
Commercial paper
Accruals
Is S-T credit riskier than L-T?
To company, yes. Required repayment always looms. May have trouble rolling over loans
..............................