Answered: What is the working capital requirement…

What is the working capital requirement of a company with the following average figures over a year? Inventory $3750 Recievables $1500 Cash and bank balances $500 Payables $1800

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 19P

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What is the working capital requirement of a company with the following average figures over a year?

Inventory $3750

Recievables $1500

Cash and bank balances $500

Payables $1800

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