DETERMINE THE EFFECT OF WORKING CAPITAL ON THE PROFITABILITY OF HOSPITALITY INDUSTRIES
CHAPTER ONE INTRODUCTION 1.9 Background to the Study Every business needs investment to procure fixed assets, which remain in use for a longer period. Money invested in these assets is called ‘Long term Funds’ or ‘Fixed Capital’.Business also needs funds for short-term purposes to finance current operations. Investment in short term assets like cash,inventories, debtors etc., is called ‘Short-term Funds’ or‘Working Capital’. Working capital refers to that part of the firm's ...
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