Question: When financial managers use the term working capital, they are referring to funds: Multiple choice question. Used to purchase equipment and the other long -

When financial managers use the term "working capital", they are referring to funds:
Multiple choice question.
Used to purchase equipment and the other long-term assets used by the firm
Owed to a firm by other entities but not yet collected
Invested in long-term projects in which the firm is committed
Used by the firm to meet their day-to-day operational cash flow needs

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