Which one of the following statements is NOT true?
A) Gross working capital is the funds invested in a company's current liabilities.
B) Net working capital (NWC) refers to the difference between current assets and current liabilities.
C) Working capital efficiency refers to the length of time between when a working capital asset is acquired and when it is converted into cash.
D) Working capital management involves making decisions regarding the use and sources of current assets.
Answer: A
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