EBK FUNDAMENTALS OF CORPORATE FINANCE
EBK FUNDAMENTALS OF CORPORATE FINANCE
3rd Edition
ISBN: 9780133762808
Author: Harford
Publisher: PEARSON CUSTOM PUB.(CONSIGNMENT)
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Chapter 20, Problem 4CC
Summary Introduction

Working capital: The capital which is used in the daily business of a company is termed as the working capital. This capital is calculated by deducting current liabilities from the current assets. The working capital is a measure of the company’s financial state, its efficiency, and its liquidity. There are two types of working capital- permanent working capital and temporary working capital.

To Explain: Difference between permanent and temporary working capital.

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Working capital explained; Author: The Finance Storyteller;https://www.youtube.com/watch?v=XvHAlui-Bno;License: Standard Youtube License