Explain the concept of working capital and its importance to Genesis Energy
Explain the concept of working capital and its importance to Genesis Energy. Working capital refers to current assets used in everyday operations (Brigham & Ehrhardt, 2010). It is the difference between current assets, which include cash, accounts receivable, inventories and other marketable securities, and current liabilities, i.e. accrued expenses and taxes, accounts payable, short term […]
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