Answer: Permanent working capital is the minimum amount of current assets which is needed to conduct a business even during the dullest season of the year. It is the amount of fund required to produce the goods and services which is necessary to satisfy demand at a particular point. It represents the current assets which are necessary to satisfy demand at a particular point.
Question:
What is permanent working capital? Answer:
Permanent working capital is the minimum amount of current assets which is needed to conduct a business even during the dullest season of the year. It is the amount of fund required to produce the goods and services which is necessary to satisfy demand at a particular point. It represents the current assets which are necessary to satisfy demand at a particular point. Source: CoolInterview.com
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