concept of permanent current operating assets reflects the fact that some components of current assets do not shrink to zero even when a business is at its seasonal or cyclical low Thus, permanent current operating assets represent a minimum level of current assets that must be financed.

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The concept of permanent current operating assets states that some components of current assets do not shrink to zero even when a business is at its seasonal or cyclical low, thus representing a minimum level of current assets that must be financed.

Concept of Permanent Current Operating Assets Reflects the Fact That