What is a good working capital-management strategy


Question: What is a good working capital-management strategy that would free up enough money to keep a business stable and on their feet if they were having a hard time getting the cash to pay bills for the business. Accounts receivable, inventory, accounts payable are the three accounts, and what strategy would work? What is a pro and a con of using a strategy for each of these accounts?

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Finance Basics: What is a good working capital-management strategy
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