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  3. Study Set
    Fundamentals of Financial Management
  4. Exam
    Exam 3: Financial Statements, cash Flow, and Taxes
  5. Question
    Net Operating Working Capital Is Equal to Current Assets Minus
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Net Operating Working Capital Is Equal to Current Assets Minus

Question 23

Question 23

True/False

Net operating working capital is equal to current assets minus the difference between current liabilities and notes payable.This definition assumes that the firm has no "excess" cash.

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