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The basic purpose of this statement is to indicate on historical basis the changes in the working capital i.e., where funds came from and were there are used during a given period. It is a valuable tool for the finance manager for analyzing the past and future plans of the firm and their impact on the liquidity.
The basic purpose of this statement is to indicate on historical basis the changes in the working capital i.e., where funds came from and were there are used during a given period. It is a v…