Assuming Raleigh BBQ has $48,000 in current assets and $39,000 in current liabilities. This refers to as working capital management.
Working capital management can be defined as the way in which a company or an organization ensures that both their current asset and current liabilities are put in use effectively and efficiently.
A company who make use of working capital management as a strategy will tend to ensure that their liabilities does not exceed their assets so as to maintain the company financial health.
Therefore this refers to as working capital management.
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