Question

justify the requirements of working capital for Mumbai metro? (in short)​

Answer 1

Answer:

Justification:

There are various factors affecting the requirement of working capital. Some of them are as follows:

(a) Nature of business: The requirement of working capital depends on the nature of business. The nature of business is usually of two types:

• Manufacturing Business and

• Trading Business.

- In the case of a manufacturing business, it takes a lot of time in converting raw material into finished goods. Therefore, more working capital is required.