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Directions: Answer the following question in three (3) to five (5) sentences. Write your answers on a separate sheet of paper. How do we apply the concepts of working capital management in our daily lives? Write your answers on a separate sheet of paper.​

Sagot :

Answer:

Working capital is a daily necessity for businesses, as they require a regular amount of cash to make routine payments, cover unexpected costs, and purchase basic materials used in the production of goods.Working capital is the amount of cash a business can safely spend. It's commonly defined as current assets minus current liabilities.