Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)
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Chapter 16, Problem 2P
Summary Introduction

To determine: The additional fund required for the coming year.

Current Assets:

It refers to those assets, which are easily converted in cash within one year. For example inventory, marketable securities, debtor, bills receivable.

Current liabilities:

It refers to those liabilities, which are to be paid within one year. For example bills payable, creditors, short term debt.

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