Which of the following is TRUE of net working capital?
A) When current assets of a firm exceed its current liabilities,a firm is said to have negative net working capital.
B) When current assets of a firm are less than its total assets,a firm is said to have positive net working capital.
C) When current assets of a firm exceed its current liabilities,a firm is said to have positive net working capital.
D) When current assets of a firm exceed its total assets,the firm is said to have negative net working capital.
Correct Answer:
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