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1a)What is working capital?(4 marks) 1b)Explain why the effective management of working capital is important to a business. (4 marks) 1c)Choose any two components of

1a)What is working capital?(4 marks)

1b)Explain why the effective management of working capital is important to a business.

(4 marks)

1c)Choose any two components of working capital and discuss their importance and how they might be controlled effectively.(12 marks)

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