Use the table for the question(s)below.
The data above shows the net working capital requirements for Flinder's Camping,a company that makes tents.All figures are in thousands of dollars.
-What can be considered the firm's permanent working capital?

Question

Use the table for the question(s)below.
  The data above shows the net working capital requirements for Flinder's Camping,a company that makes tents.All figures are in thousands of dollars.
-What can be considered the firm's permanent working capital?

Quizplus · Accepted Answer

Permanent working capital is the minimum level of working capital that a firm needs to maintain in order to support its ongoing operations. It is typically calculated as the average of the firm's current assets and current liabilities over a period of time. In this case, the firm's permanent working capital is $390,000.

Use the Table for the Question(s)below