Question: answer this question i need it urgent. step by step solution is required (a) Define the term 'working capital' and explain usefulness of working capital

answer this question i need it urgent. step by step solution

answer this question i need it urgent. step by step solution is required

(a) Define the term 'working capital' and explain usefulness of working capital to an organisation. (4 marks) (b) A business organisation has a working capital ratio of 3:1. Explain whether is an acceptable ratio and possible ways the ratio can be further improve. (4 marks) (Total 8 marks)

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