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Working Capital

Finance provided to support the short-term assets of the business (stocks and debtors) to the extent that these are not financed by short-term creditors.

It is calculated as current assets minus current liabilities.

Working Capital Cycle

Total of stock holding period plus customers collection period minus suppliers payment period.

Work-in-Progress

Cost of partly completed goods or services, intended for completion and recorded as an asset.

Written Down Value

See net book value.