abhishreshthaa
Abhijeet S
Gross working capital
It is the amount of funds invested in the various components of current asset. This concept has the following advantages:
a) Finance managers are mainly concerned with management of current assets (gross working capital)
b) It enables the firm to release the greatest returns on its investment.
c) It enables the firm to plan and control the funds at its disposal.
d) It helps in the fixation of various areas of financial responsibility
It is the amount of funds invested in the various components of current asset. This concept has the following advantages:
a) Finance managers are mainly concerned with management of current assets (gross working capital)
b) It enables the firm to release the greatest returns on its investment.
c) It enables the firm to plan and control the funds at its disposal.
d) It helps in the fixation of various areas of financial responsibility