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I understand Working capital is the number of current assets minus the amount of current liability as of a specific date. What are the advantages

I understand Working capital is the number of current assets minus the amount of current liability as of a specific date. What are the advantages and disadvantages of using current assets versus long-term assets for financing needs? How do the following factors impact the advantages or disadvantages: interest rates and terms, yield curves and risk factors of short-term and long-term financing options

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