Temporary net operating working capital
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Temporary net operating working capital is the NOWC required above the permanent level when the economy is strong and/or seasonal sales are high.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Temporary net operating working capital. The NOWC required above the permanent level when the economy is strong and/or seasonal sales are high.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
