Asked by Jaiden Hamilton on Jul 12, 2024

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Typically, working capital assets are expected to be converted into cash within twelve months while liabilities are expected to be paid within twelve months.

Working Capital Assets

Current assets that are used in the operation of a business and can be converted into cash within a year.

  • Familiarize oneself with the concept and aspects of working capital.
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KC
Kitzia CoronaJul 18, 2024
Final Answer :
True
Explanation :
Working capital assets are current assets that are expected to be converted into cash within 12 months, while working capital liabilities are current liabilities that are expected to be paid within 12 months. This is the general rule for measuring working capital.