. "How can a company having a ‘less’ working capital call itself successful?" Ravi asked his friend Moni. They had recently joined Dev Pvt. Ltd. as Management Trainees and were having their lunch in the company’s staff canteen. Dev is an infrastructural company with its scale of operation confined to Punjab. Ravi had spent the morning, studying company’s Balance Sheet for the years 2013-14 and 2014-15 and was surprised to see that the company’s current liabilities were almost equal to its current assets.
Explain any five factors which can be used by Moni to explain the reasons for the lower working capital of the company.
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