In this episode, we build on last episode's discussion of working capital components. We work through a few examples to illustrate the impact of working capital on a business and discuss what real-world activities might lead to changes in working capital. We also talk about relationships between real-world business strategy issues like how poor inventory management can manifest in high balance sheet inventory, which causes a drag on cash flow generation. This episode also has a YouTube recording (https://youtu.be/VPn_3pgfZvg), but it's much less critical than the last episode.