The Management of Money
Studies indicate that between 80 and 90 per cent of the time of a business manager is spent on working capital. The importance of working capital management can therefore hardly be overemphasised. However, before we discuss efficient working capital management, we need to recall what we mean by ‘working capital’ and discuss how it is separated traditionally from the other assets and liabilities of the firm.
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- Peter Saunders, The Small Business Programme: Debtor Control, Open University, 1989.Google Scholar