first of all please allow me to thank you for such a wonderful useful lectures.
I have noticed that, although working capital management part is not very hard, the examiner try to put always a variety of questions by giving or omitting some useful information. There are no standard questions and standard answers. This makes very time consuming to get to the right answer.
My question is if there any standard apporoach or strategy which could be adopted to handle the questions in a reasonable time.
It is impossible to give a standard strategy because there are no many separate things that can be examined under the heading of working capital management (management of receivables, or payables, of inventory, of cash etc..)