What is working capital? What is the need for a working capital?
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Working capital is needed to pay for planned and unexpected expenses, meet the short-term obligations of the business, and to build the business. It is also a good measure of the short and medium-term financial health of a company.
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Answer:
Working capital is needed to pay for planned and unexpected expenses, meet the short-term obligations of the business, and to build the business. It is also a good measure of the short and medium-term financial health of a company.
Explanation:
Working capital is needed to pay for planned and unexpected expenses, meet the short-term obligations of the business, and to build the business. It is also a good measure of the short and medium-term financial health of a company.
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