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

Financing Current Assets(英文版)内容提要：
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
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