I’m trying to study for my Business course and I need some help to understand this question.

It is said that cash is KING; keeping that in mind, in Chapter 5 of your text read the four In-Depth presentations:

a) Inventory Management Systems;

b) Aging Schedules and Bad Debt;

c) The Cost of Foregoing Discounts on Payables; and

d) Working Capital Management Ratios Across Industries.

In a 3 to 5-page paper explain why day-to-day cash flow management has important implications for both the short-term AND long-term financial requirements of a company.