Question
The conventional accounting definition of working capital is current assets minus current liabilities and includes cash and marketable securities in current assets and short term
The conventional accounting definition of working capital is current assets minus current liabilities and includes cash and marketable securities in current assets and short term debt in current liabilities.
a. Should you consider all cash, operating cash or no cash at all when you compute working capital?
b. Should you consider short term debt as part of current liabilities?
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The Legal Environment Today Summarized Case Edition
Authors: Roger LeRoy Miller
8th Edition
130526276X, 978-1305279407, 1305279409, 978-1305704930, 1305704932, 978-1305262768
