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/workingcapital.asp-Final-7145e98d92d446938fa2123de0f36220.png "Working Capital: Formula, Components, and Limitations")
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![Change in Net Working Capital (NWC): Formula and Calculator [Excel Template]](https://wsp-blog-images.s3.amazonaws.com/uploads/2021/10/21035616/NWC-Formula-Excel.jpg "Change in Net Working Capital (NWC): Formula and Calculator [Excel Template]")
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![Change in Net Working Capital (NWC): Formula and Calculator [Excel Template]](https://wsp-blog-images.s3.amazonaws.com/uploads/2022/01/19103252/Change-in-Net-Working-Capital-NWC-Formula.jpg "Change in Net Working Capital (NWC): Formula and Calculator [Excel Template]")