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      "text": "A positive working capital means there's a cash surplus from the company's working capital needs while a negative working capital means there's a cash shortage.",
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      "text": "Financial Modeling Course References: Course 4, Lessons 4-5 (Accounts Receivable and Deferred Revenue); Course 10, Lesson 7 (Accounts Receivable); Course 10, Lesson 15 (Deferred Revenue)",
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      "text": "67. Is it bad for a company to have negative Working Capital?",
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      "text": "64. For businesses that have Deferred Revenue, how far in advance do businesses collect the cash? \"Usually 30-365 days.\" See if you can figure out why 30 to 365 days. Answer is listed below in footnote2.",
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      "text": "66. What does a positive or negative Working Capital mean? \"Working Capital equals Operating Current Assets minus Operating Current Liabilities. A positive working capital means there's a cash surplus from the company's working capital needs while a negative working capital means there's a cash shortage.\" You can think of Operating Current Assets as things that will convert into cash within the next 12 months. Likewise, you can think of Operating Current Liabilities as things cash need to pay for within the next 12 months. Therefore, the difference between the two is a cash surplus versus a cash shortage. A positive working capital is a cash surplus that add to cash balance. Meanwhile, a negative working capital is a cash shortage that the company needs to use its bank savings to fill.",
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      "text": "65. What are some examples of Working Capital? \"Assets: Accounts Receivables. Inventory. Prepaid Expenses. Liabilities: Accounts Payables. Deferred Revenue. Accrued Compensation.\" Financial Modeling Course References: Course 11, Lessons 1-2 (Working Capital)",
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      "text": "63. For businesses that have Accounts Receivables, how long does it take for businesses to collect payment? \"Usually 30-90 days.\"",
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      "text": "I. Accounting (Financial Statements) D. Balance Sheet",
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