A.From the below information Calculate Working Capital.

Debtors

$ 55,000

Inventories

$ 15,000

Accounts Payable

$ 12,000

Cash

$ 4,000

Accounts Receivable

$ 8,000

Creditors

$ 16,500

Other Current Assets

$ 7,500

Bills Payable

$ 3,300

Short term borrowings

$ 2,700

B."Finance managers spend up to 60 percent of their time in working capital management." Explain the importance of working capital management.