किसी फर्म के कार्यशील पूंजी चक्र (Working Capital Cycle) की अवधि को कम करने में निम्नलिखित में से कौन सा उपाय सबसे प्रभावी होगा?

Which of the following statements are correct? 1. Net working capital is defined as current assets minus current liabilities. 2. Excess working capital always increases profitability. 3. Adequate working capital ensures smooth day-to-day business operations.

In deciding the appropriate level of current assets for a firm, management is confronted with a trade-off between ________.