Economics · Financial Management
Consider the following statements regarding Working Capital: 1. Working capital represents the difference between current assets and current liabilities. 2. Adequate working capital ensures smooth day-to-day operations of a business. 3. Excessive working capital may lead to inefficient use of funds. 4. Working capital is only required by manufacturing firms. Choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2 and 3 only✓
- 21 and 4 only
- 32 and 3 only
- 41, 2, 3 and 4
Correct answer
1, 2 and 3 only
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