A.From the below information Calculate Working Capital. Debtors $ 55,000 Inventories $ 15,000 Accounts Payable $ 12,000
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Question:
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.
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