The components of a firm’s working capital are cash, accounts receivable, inventory, and accounts payable. Any chief financial officer's (CFO’s) objective is to ensure that current assets less current...

The components of a firm’s working capital are cash, accounts receivable, inventory, and accounts payable. Any chief financial officer's (CFO’s) objective is to ensure that current assets less current liabilities—known as
net working capital—is a positive number while also not having an excess of money tied up in nonproductive activities.

Write a memo to your CFO about the following:

• How does managing the following components of working capital becomes more of a challenge when dealing internationally than domestically?
  
  
  
  • Accounts receivable
    
  
  
  • Inventory
  
  
  
  


• Be sure to include examples of each case.