Profitable companies can still go bankrupt. Why? Poor working capital management. This includes excessive inventory, lenient credit policies (high Debtor days), or aggressive short-term borrowing.
: Capital budgeting techniques (NPV, IRR, Payback Period) and risk evaluation. Profitable companies can still go bankrupt
The quest for the is ultimately a quest for confidence. Financial management is intimidating because mistakes have real monetary consequences. Ravi M. Kishore’s work strips away the fear by showing you hundreds of iterations of the same few logical principles. lenient credit policies (high Debtor days)