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 9, Problem 6CC
Summary Introduction

Net Working Capital: Net working capital is the variance between current assets and current liabilities. Net working capital represents the amount of current assets available to fulfill day to day needs of the business.

To Explain: Reasons to represent an increase in net working capital as cash outflow.

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