What is the ultimate objective of financial management?   Question 7 options:     to ensure the ROA is higher than ROR     to obtain a higher ROR than ROA     to ensure that ROA is higher than the cost of financing     to collect trade receivables faster than the payment of trade and other payables

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter16: Working Capital Policy And Short-term Financing
Section: Chapter Questions
Problem 14QTD
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What is the ultimate objective of financial management?
 

Question 7 options:

 

 

to ensure the ROA is higher than ROR
 

 

to obtain a higher ROR than ROA
 

 

to ensure that ROA is higher than the cost of financing
 

 

to collect trade receivables faster than the payment of trade and other payables
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