Symposium on “inventories and appraisals of properties”: Part III: Working capital
|Author(s):||William J. Norton|
|Publisher:||IEEE - Institute of Electrical and Electronics Engineers, Inc.|
|Publication Date:||1 September 1915|
|Page(s):||2,149 - 2,158|
IN ANY valuation for rate making purposes it is most essential that a careful and accurate determination be made of the item of working capital. In many instances this has been considered as a small and relatively unimportant item in the general rate calculation, and the analyses made by commissions, engineers and accountants have often been superficial.