Which of the following statements is NOT true? Group of answer choices Net working capital (NWC) refers to the difference between current assets and current liabilities. Working capital efficiency refers to the length of time between when a working capital asset is acquired and when it is converted into cash. Gross working capital refers to the funds invested in a company's current liabilities. Working capital management involves making decisions regarding the use and sources of current assets.

The total amount of a company's current assets is its gross working capital (assets that are convertible to cash within a year or less). Assets like cash, receivables, inventory, short-term investments, and marketable securities are all included in gross working capital.

How is gross working capital determined?

Gross Working Capital = Total Value of Current Assets

It should be mentioned that working capital, or net working capital of a firm, is calculated by deducting current obligations from current assets.

What is a good illustration of gross working capital?

Gross working capital includes items like marketable securities, accounts receivable, and inventory. Gross working capital is not helpful on its own because it only provides a partial picture of a company's liquidity.

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