Question:
METHODS OF ESTIMATING WORKING CAPITAL REQUIREMENT RELATING TO TURNKEY PROJECTS. DETAILS ON CURRENT ASSETS AND CURRENT LIABILITIES.
Answer:
Working capital is the money management uses to run the day-to-day business. It is current assets less current liabilities. That means cash+inventory+receivables less payables and accruals.
By reducing the amount of working capital needed to do day to day business, the company has more cash to use for investments, new capital, or dividends to shareholders.
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