The management of
‘Maharashtra State Road
Transport Corporation,
wants to determine the
size of working capital
A. Bring a public utility service provider will it nedd less working capital or more
Answers
Answered by
10
Answer:
In contrast, public utilities have a very limited need for working capital and have to invest abundantly in fixed assets. Their working capital requirements and nominal because they have cash sales only and supply services, not product. Thus, no funds will be tied up in debtors and inventories.
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