Question
The board is concerned that the net working capital might be declining and not meet the $800,000 minimum requirement of the company. The company has
The board is concerned that thenet working capitalmight be declining and not meet the $800,000 minimum requirement of the company. The company has a cash balance of $300,000, other current assets of $1.8 million and current liabilities of $1.3 million. Should the board worry about the company's net working capital?
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Management And Cost Accounting
Authors: Alnoor Bhimani, Srikant M. Datar, Charles T. Horngren, Madhav V. Rajan
7th Edition
1292232668, 978-1292232669
