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This document discusses working capital management. It defines working capital as short-term funds used for day-to-day operations, including cash, inventory, receivables. Working capital is vital for businesses to purchase raw materials, pay expenses, maintain inventory of finished goods, and extend credit to customers. The working capital cycle involves the rotation of assets as cash is used to purchase raw materials, which are then converted into finished goods through production and eventually into recei

Author

Rafique Alam

Language

EN