“Working capital is the life blood of business”. Explain.
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Working capital is the life blood of business, which includes the management of day-to-day activities of the company. It is a measure which indicates the company's efficiency and financial health of the organization.
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Working capital represents the funds / resources available to a business for use in day-to-day operations. It is the lifeblood of every business because it is what enables the business to cover day-to-day costs and, ultimately, keep its doors open
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