It appears that George is running a profitable business. George is aware you are in an MBA Managerial Finance class and comes to you for advice on his working capital practices. More specifically George asks:
1. How you would describe my working capital practices, including my methods of capital budgeting analysis techniques?
2. What are potential pitfalls in my Capital Budgeting practices that I should be aware of?
3. Develop a simple Statement of Cash Flows for George’s Trains using any information gleaned from the video. What areas of improvement do you recommend? Provide at least three references from the Ashford Library or other scholarly sources to support your recommendations.