Why the Working Capital Calculation is Crucial When Buying or Selling a Business
Why the Working Capital Calculation is Crucial When Buying or Selling a Business

When valuing a business for sale or purchase, owners often believe that the value will be based on a cash-free debt-free multiple of earnings. While this is technically correct from a valuation point of view, the commercial reality of working capital requirements is often overlooked and is the cause of disputes. Working capital is a […]

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