What is directly involved in a firm's management of its working capital?
A) long-term debt
B) fixed assets
C) accounts receivable
D) owner's equity

Question

Quizplus · Accepted Answer

Working capital management is concerned with the management of current assets and current liabilities. Accounts receivable, which is a current asset, is directly involved in a firm's management of its working capital. Long-term debt, fixed assets, and owner's equity are not current assets and are not directly involved in working capital management.

What Is Directly Involved in a Firm's Management of Its