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
Volume: 34
Page(s): 2,149 - 2,158
ISSN (Paper): 0097-2444
DOI: 10.1109/PAIEE.1915.6590163



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.