Working Asset

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Working Asset

A highly liquid, current asset. Working assets are taken in and distributed over relatively brief periods of time. Examples of working assets include cash, works in process and inventory. A working asset is also called a floating asset or a circulating asset.
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Net circulating capital management includes the development of capital structure as well as management of corporate circulating assets which determine the demand for net circulating capital.
"Small and medium enterprises mainly need circulating assets for purchase of equipment and production," Mr.