Equation 5.4 claims that working capital is equity plus long-term debt less fixed assets. Show that this
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Equation 5.4 claims that working capital is equity plus long-term debt less fixed assets. Show that this expression is equivalent to the initial definition of working capital—the difference between current assets and current liabilities.
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Practical Finance For Operations And Supply Chain Management
ISBN: 9780262043595
1st Edition
Authors: Alejandro Serrano, Spyros D. Lekkakos, James B. Rice
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