Problem:
Using your selected organization (JP Morgan), help write a paper in which you review your organization's most recent financial reports, such as balance sheet, statements of cash flow, management comments, and footnotes to financial statements, to explain how each current asset and liability account has affected cash management strategies.
1. Assume next year's forecasted revenues increase by 20%.
2. Provide a detailed working capital recommendation to senior management based on next year's increase in revenue along with assumptions you make regarding other line items in the pro forma financial statements.
3. Discuss the effects of this revenue increase on the firm's working capital policy.
4. Identify lessons learned and discuss areas for further development in your conclusion.