Dr. David P Echevarria. All Rights Reserved. 2. WORKING CAPITAL MANAGEMENT. A. Working Capital 1. In a perfect world, the firm would hold just enough;a. Cash to pay bills.b. Accounts receivable to support the credit policy.c. Inventory to meet sales requirements.2. Hold no marketable securities unless;a. The return exceeded the cost of capital.b. The firm operated in a volatile sales environment..