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Chapter 5 Capital BudgetingChapter 5 Capital Budgeting 5-7 2.3 Investment In WC Is A Capital Expenditure Typically, There Are Timing Differences Between The Accounting Measure Of Earnings (Sales - Cost Of Goods Sold) And Cash flows. Working Capital (WC) = Inventory+ A/R− A/P. Changes In Working Capital • Inventory: Cost Of Goods Sold Includes Only The Cost Of Items ... 10th, 2024
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