Write short notes on ‘Working Capital’.

Working capital refers to the capital a company uses for its day-to-day trading operations. It represents the difference between a company's current assets (such as cash, accounts receivable, and inventory) and its current liabilities (such as accounts payable and short-term debt). Here are some key points to understand about working capital:

1. Importance of Working Capital: Working capital is essential for a business to maintain its daily operations smoothly. It ensures that a company can pay its short-term obligations and ___ ___ _______ ___ ________ _______ __________ ______.
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