单选题

Andrew Co is a large listed company financed by both equity and debt.
In which of the following areas of financial management will the impact of working capital management be smallest?

A、 Liquidity management
B、 Interest rate management
C、 Management of relationship with the bank
D、 Dividend policy

【正确答案】 D

【答案解析】

Working capital management may have an impact on dividend policy, but the other areas will be more significant.