Answer to Question #225849 in Finance for Anisha Radhika Kum

Question #225849

Why would a firm not want to keep more working capital than necessary in a cheque account?


1
Expert's answer
2021-08-16T05:39:01-0400

Ideally, working capital is designed to make sure operations are never interrupted, however it never generates revenue or profits directly. The main aim of an organization is about gaining profits, however the working capital never meets the targeted idea.


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