Which of the following statement (s) is/are correct?

Current assets comprise items that would get converted in to cash in the short-run within 3 months. Current liabilities represent short-term source of funds and are expected to fall due or mature for payment in a short period, generally within 3 months. Gross Working Capital is also known as Current Capital All of the above.

Gross Working Capital is also known as Current Capital

Gross working capital (also known as current capital or circulating capital) is the sum total of all current assets of the business. These include cash, inventory (raw materials, work in process, finished goods, spares etc) and accounts receivable (or trade debtors). Current assets comprise items that would get converted in to cash in the short-run, say, within the normal operating cycle (or cash conversion cycle) of the business. Current liabilities represent short-term source of funds and are expected to fall due or mature for payment in a short period, generally within a year. These typically consist of payables to vendors and service providers, employees, other short term borrowings and provisions.