Explain gross working capital concept?
Question: Explain gross working capital concept?
Gross working capital refers to the total amount of a company's current assets, including cash, inventory, accounts receivable, and other short-term assets, that are used in the day-to-day operations of the business. It represents the company's ability to meet its short-term financial obligations and maintain its operations. Gross working capital is an important metric for assessing a company's liquidity and financial health, as it indicates the resources that are available to the company to fund its ongoing operations.
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