working capital is defined as a. total current assets minus total current liabilities b. establishing progress payments to cover cash flow c. all debts and obligation owed but the business d. current assets minus current liabilities
working capital is defined as a. total current assets minus total current liabilities b. establishing progress payments to cover cash flow c. all debts and obligation owed but the business d. current assets minus current liabilities
Chapter2: Introduction To Financial Statements
Section: Chapter Questions
Problem 17MC: Working capital is an indication of the firms ________. A. asset utilization B. amount of noncurrent...
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For every day business and routine activities of business, business needs working capital. It means how much excess current assets are there to pay out current liabilities.
Working capital = Current Assets - Current Liabilities
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