Question: Question 3 Explain working capital. In your answer, discuss the relation between working capital and liquidity and how working capital is considered both liquid and

 Question 3 Explain working capital. In your answer, discuss the relation

Question 3 Explain working capital. In your answer, discuss the relation between working capital and liquidity and how working capital is considered both liquid and permanent (Fazzari and Petersen, 1993). [15 marks]

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