1) Why is working capital management significant to the company? Are there any particular industries where managing working capital is more significant?
2) State cash conversion cycle and describe the components of it in detail.
3) On the basis of present structure of world’s financial markets and your knowledge of NYSE and Nasdaq Markets explain main features, functions and problems which would be faced by the single global market (exchange) on which transactions can be made in all securities of all of world's main companies. Describe the like hood of such market developing.