The excess of current assets over current liabilities is referred to as working capital.

Name: The excess of current assets over current liabilities is referred to as working capital.
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This statement is true. Working capital represents the amount of money a company has to fund its day-to-day operations and is calculated by subtracting current liabilities from current assets. If the result is positive, then the company has working capital.

The Excess of Current Assets Over Current Liabilities Is Referred