WORKING CAPITAL STATEMENT Definition

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WORKING CAPITAL STATEMENT (WCS) is part of the financial statements "Statements of Cash Flows or Changes in Financial Position." The WCS normally includes sections covering: Sources of Working Capital, Uses of Working Capital, and Working Capital Changes.

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MILLAGE is a rate (as of taxation) expressed in mills per dollar.

OPERATING RATIO measures a firms operating efficiency; calculated: company operating expenses divided by its operating revenues.

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