| Summary: | Among all the problems of financial management, the problems of working capital management have probably been recognized as the most crucial one. It is because of the fact that working capital always helps a business concern to gain vitality and life strength. The objective of this study is to critically evaluate working capital management as practiced in the selected firms of the Pharmaceutical industry. To achieve this goal the study also examines the policy and practices of cash management, evaluate the principles, procedures and techniques of inventory management, receivable management and payable management. But the study does not examine the political and economic impacts on the working capital management. From the analysis we can conclude that pharmaceutical firms operated in Bangladesh are efficiently deal with their liquidity preferences and investment criteria and this is due to the competitive nature of this industry.
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