Discussion
Working capital in a processing plant covers
Answer: D
Correct answer: Stocks, work in progress and receivables
Working capital is the money tied up in running the plant: raw material stocks, work in progress, finished goods, receivables and cash, less what is owed to suppliers. It is recovered at the end of the project rather than depreciated - and in a seasonal plant it is unusually large, since a year’s raw material may have to be bought in one season.
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