What is working capital?

Working capital refers to the difference between a company's current assets and current liabilities. It is a critical measure of a business's short-term financial health and its ability to manage day-to-day operations. In the context of managerial accounting and finance, working capital is used to assess the liquidity of a company and its efficiency in ___ ____ _______ __________ ________ ___ _________ ____ ______ _______.
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