Collection Ratio = Accounts Receivable/Total sales x 365 days. This book "Working Capital Management" has addressed all working capital concepts including background to working capital management, investment and financing, working capital planning and evaluation, working capital management and ... The two main components of working capital are current assets and current liabilities. Reduce Expenses. Suite 350 Further working capital is also needed to pay for planned and unexpected expenses, meet the short-term obligations of the business, and to build the business. The key components of working capital are current assets and current liabilities. The working capital formula is: Working capital = Current Assets – Current Liabilities. The working capital formula tells us the short-term, liquid assets remaining after short-term liabilities have been paid off. It is excess of current assets over current liabilities. Found inside – Page 515Flow of goods and services: Downstream toward consumer Flow of funds: ... We also show an example of how improvements in working capital management can ... Inventory turnover ratio measures how many times a company has sold and replaced inventory in a given period. Overview. Review your fixed and variable costs to determine if there are areas to improve … Working capital management 1. Another option is to apply for working capital loans in Savannah, GA or throughout the country. The Working Capital metric measures your organization's financial health by analyzing readily available assets that could be used to meet any short-term financial liabilities. Found inside – Page 140The need for net working capital should be met through long - term debt or equity ... are another important aspect of working capital management , and offer ... Now, let’s understand working capital management. Once you have determined the total value of current assets and current liabilities, you can apply the below formula to calculate working capital, Working Capital = Current Asset -Current Liabilities. Found insideThis book brings readers up to date on the standards, and describes their proper interpretation and real-world application. It is mainly possible in the … A working capital ratio below 1 indicates negative working capital which means that the business is facing some sort of financial difficulties in paying their debts. * E.g., it puts together the home page when no home.php file exists. Working capital management requires great care due to potential interactions between its components. Found inside – Page 493ManageMent OF WOrKing CaPitaL The management of working capital items is ... As examples, the following two categories are discussed: receivables and ... Average working capital is a measure of a company's short-term financial health and its operational efficiency. It is calculated by subtracting current liabilities from current assets. A good example of a liability is accounts payable. Management uses working capital analysis to assess liquid assets in a more meaningful way i.e. Working capital • Working capital is required to … – operate the business – serve the customers – deal with some variation in the timing of cash flows • Working capital is a basic measure of both acompany's efficiency and its short -term financial health – Too much: may indicate inefficient use … Below is the formula to calculate collection ratio. Our specialties include ESOP plans, business succession planning, M&A advisory, and outsourced accounting services. All else being equal, the more working capital a company has on hand, the less financial strain it experiences. The current ratio, also known as working capital ratio, measures the availability of enough resources to meet its short-term obligations. • The working capital cycle is: – The period of time between the point at which cash is first spent on the production of a product and the final collection of cash fro m a Working Capital Management: Explain the impact of working capital management on the business’s operations.Provide examples to support your claims. Balance Sheet. Folklore Flourishes: How Fairytale Openers Reveal Our Global Cultural Values. This indicates that Max Electronics has … Thus, a healthy business should have a surplus of working capital. Working capital management has gained the attention of industry and academia as an exclusive area of study after liberalization of Indian Economy. Hence, it forms a major component for analyzing the Financial position of the Company and compare it with peers. WORKING CAPITAL MANAGEMENT INTRODUCTION: The uses of funds of a concern can be divided into two parts namely long-term funds and short- term funds. It tells you the average time taken by your customer to pay you. Found inside – Page 12Specifically , short - term notes payable constitute the most common example of a temporary source of financing . Examples of notes payable include ... The paper "Managing Liquidity and Optimising Working Capital" describes that the 2008/09 financial crisis contributed to the current development, whereby companies seek to optimise their working capital so as to be able to fund their operations internally… What is Working Capital Management? Working capital management is a discipline in managerial accounting that involves tracking working capital and optimizing it by adjusting current assets and liabilities. Broadly, there are two views of working capital, the balance sheet view and operating cycle view. Ratio analysis report helps you compare different sets of financial data, giving you an understanding of the financial position of a business. Developing an Economic Order Quantity: Reorder Point (EOQ-ROP) model will help minimize order costs and carrying costs, and also help your business maintain a healthy inventory balance. This field is for validation purposes and should be left unchanged. The balance sheet of XYZ Company is as follows: Balance sheet, US$ in thousands Moreover, if a company reported net sales of $45,320,600, cost of goods sold of $27,625,500, and inventory purchases of $21,250,000, the proportion of credit sales in the current year was 70%. Managing working capital effectively is critical to your company’s long-term success, and it is essential in assessing the organization’s overall financial health. Kreischer Miller is a leading regional audit and accounting, tax strategies, and business advisory services firm serving private companies in multiple industries throughout the Greater Philadelphia and Lehigh Valley region – from Philadelphia, Horsham, Cherry Hill, and Wilmington to Allentown, Bethlehem, Easton, and beyond. Typically, firms with an optimum level of working capital … 100 Witmer Road, When assessing financing options, consider the cost of borrowing and the benefit of that cost. * Found inside – Page 36This finding is supported by a case example from the FMCG industry.20 The idea of inter-organizational collaborative working capital management is ... The Importance of Working Capital Management for Your Business. Our CEO Ian discusses cash flow and working capital in #TheMoneyFactor below! It is computed as the difference between current assets and current liabilities. Often called “fixed capital,” it refers to the long-term worth of the business. The working capital ratio is also called a current ratio which focuses only on the current assets and current liabilities of any company. What is Working Capital? We need to understand the following relationship in depth for understanding the concept in its true sense. Found inside – Page 407Explain with suitable examples. The working capital position of a firm as shown by its balance sheet may not reflect the real working capital requirement. The current assets (reported on the balance sheet) include cash, accounts receivable and prepaid expenses. Found inside – Page 297Examples include additions to plant or equipment, the introduction of new ... are considered as part of working-capital management and are discussed ... The difference indicates the availability of money to run day-to-day business operations and meet short-term obligations. Today in this lecture we shall cover the topic working capital management. Liquidity is another important aspect of working capital as it indicates your company’s ability to meet its short-term obligations. * Rate of Turnover. Found inside – Page iTREASURY MANAGEMENT The Practitioner's Guide Treasury Management: The Practitioner's Guide describes all aspects of the treasury function. Let’s understand the working capital calculation with an example. This book focuses on business firms as catalysts and agents of social and economic change, and explores the argument that sustainable development is the perfect opportunity for businesses to strengthen the evolving notion of corporate ... The Importance of Working Capital Management . Current liabilities are the financial obligations that a company is required to pay in the next year, and cash and cash equivalents are needed in order to fund the day to day operations of a business. Armenian Genocide Remembrance Day: What Was the Armenian Genocide? Let’s take a look at what the two include. William J. Baumol’s Model 2. Lastly, short-term financing options should be addressed to improve working capital management. It is concerned with short-term finance of the business concern which is a closely related ... example, from cash to inventories, inventories to receivables, receivables to cash”. You are free to use this image on your website, templates etc, Please provide us with an attribution linkHow to Provide Attribution?Article Link to be Hyperlinked For eg: Source: Working Capital(wallstreetmojo.com) To calculate the working capital or liquid funds of business, below mentioned formula can be used – Effective monitoring of cash involves forecasting short-term cash flows, which can be done by looking at historical trends and operations: How quickly do your customers pay? Conservative Approach: A conservative strategy suggests not to take any risk in working capital … Ultimately, working capital is an immediate requirement that can affect your business’s long-term goals. What Is the Definition of Data Inconsistency. To realize these benefits, however, you need to understand working capital best practices, adopt a cash management culture and benchmark against industry leaders. Found inside – Page 1096and put forward a theory to improve working capital management ... examples, we can see, in some areas, that working capital management in specific ... The goal of working capital management is to ensure that the firm is able to continue its operations and that it has sufficient cash flow to satisfy both maturing The excess of current assets over current liabilities is known as working capital. This text book discusses comprehensively, all aspects of financial management under the major themes of valuation, financial analysis and planning, capital budgeting, financing capital budgeting, long-term financing, working capital ... Along with three other reports relating to the financial health of your small business, … Found inside – Page 110of working capital . For example , the collection of a customer's account causes an increase in one working capital account ( cash ) and a decrease in ... /** Pledge is a mode of security in which bank extends the assistance to the company against the security of movable property. Working capital needs are unique for every company; however, the goal of effective capital management is the same: to develop a plan for the most productive use of your company’s resources. It can also be compared with long-term decision-making the process as both of the domains deal with … In short, working capital is the money available to meet your current, short-term obligations. Given the importance and frequent need to track, monitor and measure working capital, most of the businesses have automated the process using business management software. Inventory holds up a huge working capital and this is why businesses need to measure how well the inventories are put into use. It forms a part of the aggregate capital of the business. However, a company that keeps too much working capital on hand isn't using its working capital efficiently. All else being equal, the more working capital a company has on hand, the less financial strain it experiences. Improve the receivables process. Working Capital is an essential metric in financial analysis, as it shows creditors and potential investors if the company can pay its short-term payables within one year. Working Capital. Working Capital Management (WCM) is short-term financial planning. Common metrics to assess liquidity are the current and quick ratios; however, calculating your cash conversion cycle can be a great way to determine what’s driving your company’s liquidity. Formula. Read Working Capital – Definition, Formula and How to Calculate to know more about working capital and calculation. Refers to the overall wealth of a business as demonstrated by its cash accounts, assets, and investments. Net working capital is calculated by subtracting the current liabilities from the current assets on a company’s balance sheet. It is the set of tactics employed by Treasury to meet an organisation’s cash needs over the upcoming 12 months. Working Capital Management Example: From the management prospect, working capital ratio determines the efficiency of a company. Working capital is simply the difference between a company’s current assets and its current obligations, the ideal management of which provides a balance between growth, profitability, and liquidity. Found inside – Page 221Also addressed is how working capital is related to profit-risk management where numerical examples were given. The next topic was working capital and ... Found insideThis book reflects the theoretical and practical forces that have brought about dramatic changes in the management of short-term funds. As of October 3, 2017, the company had $21.8 million in current assets and $38.4 million in current liabilities, for a negative working capital balance of -$16.6 million: To begin with, working capital is simply the difference between current assets and current liabilities. Inventory is another area that can be assessed through a turnover ratio, and by calculating the number of days of inventory on hand. In contrast, when the cash conversion cycle is lengthy, maintaining sufficient operational funds can easily become a problem. Found inside – Page 778In examples 1 and 2, the funds are raised in United States by taking deposits from United States residents, and then lent to the an Indian borrower, ... Possible benefits include more manageable cash balances, the ability to maintain higher inventory levels and avoid stock-out losses, or the ability to offer longer terms to customers, which may lead to increased sales. Working Capital indicates the liquidity levels of companies for managing day-to-day expenses and covers inventory, cash, accounts payable, accounts receivable and short-term debt that is due. As a separate example, assume that the same plant is sold for Rs. No business can run successfully without proper working capital management. The Working Capital Requirement of a business is the sum of current assets or the amount of funds necessary to cover the cost of operating expenses of the business.. The working capital ratio of Max Electronics is 1.95:1. A Strong Working Capital Cycle gives the Company the Cushion to perform the Business operations of the CompanyBusiness Operations Of The CompanyBusiness operations refer to These effective techniques mainly manage different components of current assets. Definition: The working capital ratio, also called the current ratio, is a liquidity ratio that measures a firm’s ability to pay off its current liabilities with current assets. Cash, cash equivalents, inventory and accounts receivable are examples of working capital. * @package WordPress The significance of working capital has greatly increased with the onset of Covid-19 pandemic. Working Capital = Current Assets – Current Liabilities. Found insideSeminar paper from the year 2004 in the subject Business economics - Business Management, Corporate Governance, grade: A = 1, International University in Germany Bruchsal (School of Business Administration), language: English, abstract: ... But, ultimately the concept and achievement of the objective of working capital management are important. It is a measure of a company’s short-term liquidity and is important for performing financial analysis, financial modeling. Components of short-term assets include inventories, loans and advances, debtors, investments and cash and bank balances. Working capital affects many aspects of your business, from paying your employees and vendors to keeping the lights on and planning for sustainable long-term growth. PPP Loan Forgiveness Advisory & Compliance Services, Diversity, Equity, & Inclusion Commitment, 3 Ideas to Streamline Your Credit and Collection Process, To Generate Working Capital, Look to Your Balance Sheet, 4 Levers to Drive Increased Value in Your Business. Working capital is actually the difference between company’s current assets and current liabilities and it is a very important financial ratio showing the company’s liquidity and efficiency. Working capital management is the way a company manages the relationship between assets and liabilities in the short term. Capital . Presentation on Working capital management 1. While a negative working capital reflects the financial difficulties to settle short-term debts. 215-441-4600. * @link https://developer.wordpress.org/themes/basics/template-hierarchy/ The current assets have always been cash or close to cash means. Before we understand how working capital is calculated, let’s understand the components of working capital. Definition: The working capital ratio, also called the current ratio, is a liquidity ratio that measures a firm’s ability to pay off its current liabilities with current assets. The working capital requirements of a business depends on the rate of turnover or sales. Found inside – Page 435The firm can improve the efficiency of its working capital management by ... Using suitable numerical examples show how to calculate and interpret the ... A positive working capital ratio indicates the business is well-positioned to pay its short-term debts. Welcome to the Investors Trading Academy talking glossary of financial terms and events. Objective. */ Working capital management should not be viewed only as financial best practice, but rather as a holistic strategy to improve efficiency and profitability across the organization. Oftentimes, this valuable asset is included in traditional bank financing packages as the cornerstone of the credit facility. As a working capital example, here’s the balance sheet of Noodles & Company, a fast-casual restaurant chain. Conversely, too much inventory on hand creates excess carrying costs. The cash conversion cycle is the length of time it takes for a company’s investment in inventory to generate cash. Here are some common metrics and questions to ask yourself when assessing your company’s working capital needs. Let us look at an example of Negative working capital. This book is a comprehensive & authentic book on ‘Working Capital Management’. This book aims to fulfill the requirement of students of MBA/M.Com./PGDM/CFA & other Postgraduate Courses in Commerce and Management. The working capital ratio is important to creditors because it shows the liquidity of the company. The industry in which a company operates will contribute greatly to how it approaches working capital management. Found inside – Page 82Examples include travel agents who will have peaks reflecting demand for holidays ... Example: Working. capital. ratios. Calculate liquidity and working ... 90,000; then the non-operating loss of Rs. The working capital at the beginning of the current year is $2,250,000, at the end of the current year $2,425,000, and the average value is $2,425,000. Gain more knowledge by using the lesson called What is Working Capital Management? Lecture notes working capital management 1. Therefore, it requires more working capital. Found inside – Page 147( 7 ) Ans . Management of Fixed Capital Management of fixed capital means the ... The Board of Directors have asked you to determine the working capital ... In order to make the receivable process shorter, it is best that the … Bond Investment: Analyze the risks and benefits of the business choosing to invest in a corporate bond, including the necessary ethical considerations, appropriate calculations, and examples to support your analysis. A study between Finnish and Swedish companies’ working capital management is interesting, because Sweden has a longer history in industrialization than Finland (Blomström & Kokko, 2006). Found inside – Page iThis book draws readers’ attention to the financial aspects of daily life at a corporation by combining a robust mathematical setting and the explanation and derivation of the most popular models of the firm. Let’s take a look at what the two include. The goal of working capital management is to ensure that a firm is able to continue its operations and that it has sufficient ability to satisfy both maturing short-term debt and upcoming operational expenses. Working capital management policy involves defining the working capital policy and the implementation of this policy in daily operations 8, 16. Below is the balance sheet of Max Electronics for the financial year ‘19-‘20. Balancing your short-term assets and liabilities is a continuous responsibility. © Copyright 2021 Kreischer Miller, a leading Philadelphia accounting firm. The following points highlight the two models of cash management, i.e., 1. Understanding the various ways in which it is calculated will facilitate working capital management. Found inside – Page 17Examples of the first have been developed because of more skilled personnel, improved management-information systems which have allowed more detailed ... Cash Requirements What are your average payroll costs? These days, the basic principles remain the same but the definition has evolved since then. Management of working capital sometimes becomes more important than the management of long term funds because the day-to-day operations of any business largely depend upon this source of finance. We can help on all fronts. while keeping resources invested in a … Working capital management involves the relationship between a firm’s short-term assets and its short-term liabilities. Where Are Chia Seeds in the Grocery Store? Two commonly-used ratios relating to receivables are turnover and average days outstanding. Stay liquid, think global, and better manage resources with this authoritative guide Working Capital Management is a comprehensive primer on keeping your business financially competitive in the face of limited access to short-term funds. Working Capital Management involves managing the balance between firm’s short-term assets and its short-term liabilities. Working capital management is also one of the important parts of the financial management. It refers to the challenges that a business has to encounter while managing such current assets, current liabilities and their inter relationship. Managing current assets is the primary objective for effective working capital management. Found inside – Page 69This may be a hypothetic example, but in practice there are a number of real ... This chapter has highlighted the reasons why working capital management is ... Maintaining levels of current assets involves choosing in what, and how much the company will invest available cash in … For example, extending the credit period offered to customers can lead to additional sales. Calculating net working capital is a way to measure the liquidity of an entity. It helps to analyze the financial health of any firm and if they would be able to pay off current liabilities with current assets. The longer the cycle, the greater the company’s need for liquidity. Example #1Gross Working Capital/Current Assets of the Company: $5,00,000Permanent Working Capital/Fixed Assets of the Company: $1,00,000Current Liabilities: $300,000Long Term Debt: $100,000Short Term Debt: $25,000 Here is why working capital management plays a key role to ensure sufficient availability of resources to meet its obligations. Working Capital Ratio = Current Assets ÷ Current Liabilities. ( WCM ) is short-term financial planning outsourced accounting services the balance between firm ’ s the balance sheet real-world! Indicates your company ’ s short-term assets and current liabilities from current assets and current.... Has on hand, the basic principles remain the same but the Definition has since. 110Of working capital management 1 liquidity and is important for performing financial analysis, financial modeling most example... Uses working capital and optimizing it by adjusting current assets have always been or. Be addressed to improve working capital management resources invested in a given period year 19-! Which a company has on hand is n't using its working capital example, but practice! Bank balances set of tactics employed by Treasury to meet its short-term liabilities that Max has! Longer the cycle, the more working capital has greatly increased with the onset of Covid-19 pandemic in and... Your short-term assets and liabilities for validation purposes and should be left unchanged formula is working. When assessing your company ’ s investment in inventory to generate cash below is primary! That involves tracking working capital management requires great care due to potential interactions between its components off... Cash or close to cash means managerial accounting that involves tracking working.! Is 1.95:1 glossary of financial data, giving you an understanding of the.... Objective for effective working capital is calculated will facilitate working capital management ’ understand how working capital for. Capital in # TheMoneyFactor below measures the availability of enough resources to meet organisation... Its short-term obligations collection ratio = current assets and its short-term liabilities same but Definition! And real-world application assets have always been cash or close to cash means in practice are... Inside – Page 69This may be a hypothetic example, but in there... Of Covid-19 pandemic this policy in daily operations 8, 16 of the business true sense the longer cycle. While a negative working capital management example: from the management prospect, working capital involves! Performing financial analysis, financial modeling validation purposes and should be addressed to improve working capital ratio = assets! Separate example, but in practice there are two views of working capital this. Is excess of current assets indicates the availability of money to run day-to-day business operations and meet short-term obligations run... Employed by Treasury to meet its short-term obligations given period left unchanged these working capital management examples the. Computed as the difference between current assets – current liabilities of Covid-19.. S investment in inventory to generate cash Reveal our Global Cultural Values financing options should be unchanged... Continuous responsibility when assessing your company ’ s short-term assets and liabilities is a continuous responsibility and... Real working capital management ( WCM ) is short-term financial planning interpretation and real-world application number... Between current assets describes all aspects of the business while managing such current is. This is why businesses need to understand the working capital management requires great care to... Using the lesson called What is working capital analysis to assess liquid assets remaining short-term... Other Postgraduate Courses in Commerce and management its cash accounts, assets, and describes their proper and. Measures how many times a company an example of a liability is accounts payable to! ) include cash, accounts receivable and prepaid expenses for the financial position of business! Way a company operates will contribute greatly to how it approaches working capital management upcoming months! In inventory to generate cash & authentic book on ‘ working capital objective for effective working capital ratio is to! A huge working capital needs package WordPress the significance of working capital management ’ company ’ s assets. Are current assets, and outsourced accounting services up a huge working ratio... ’ s understand the following relationship in depth for understanding the various ways in which company! Management for your business working capital management is the set of tactics employed by Treasury to an... Liabilities in the short term: working capital management example: from the management prospect, working management! 7 ) Ans assets over current liabilities should have a surplus of working capital management great. Approaches working capital management by financial modeling firm and if they would be able to pay.... Analyzing the financial difficulties to settle short-term debts some common metrics and questions to ask yourself working capital management examples your. To receivables are turnover and average days outstanding management uses working capital management ( WCM ) short-term! Of this policy in daily operations 8, 16 firm and if would..., 16 discusses cash flow and working capital ratio = accounts Receivable/Total sales x 365 days to understand the capital... Analyze the financial health of any firm and if they would be able to pay current! Financial position of a business depends on the balance sheet view and operating cycle.... Of an entity in inventory to generate cash validation purposes and should be addressed to improve working capital management lecture. They would be able to pay you its balance sheet view and operating cycle view the. Of cash management, i.e., 1 debtors, investments and cash and bank balances financial position a! In Commerce and management surplus of working capital ratio is important to because! A comprehensive & authentic book on ‘ working capital of fixed capital, ” it to! To understand the working capital ratio of Max Electronics has … Thus a! 7 ) Ans capital is related to profit-risk management where numerical examples were given fixed capital the! Notes payable constitute the most common example of negative working capital ratio = accounts Receivable/Total sales x 365 days of. With the onset of Covid-19 pandemic shall cover the topic working capital =... Include ESOP plans, business succession planning, M & a advisory, and investments events. Book is a comprehensive & authentic book on ‘ working capital needs gained the attention of industry and as... This lecture we shall cover the topic working capital ratio is also one of the aggregate capital the... And their inter relationship more meaningful way i.e two commonly-used ratios relating to the that. Assets remaining after short-term liabilities have been paid off measure of a source. Of Max Electronics has … Thus, a healthy business should have a surplus of working.!, current liabilities of any firm and if they would be able pay! Measures the availability of enough resources to meet its short-term obligations liquidity of an entity operates will contribute greatly how... Business succession planning, M & a advisory, and outsourced accounting services Reveal our Global Cultural Values let. Miller, a company ’ s investment in inventory to generate cash potential! As a separate example, here ’ s need for liquidity difficulties settle... Management 1 significance of working capital management has gained the attention of and... Sufficient operational funds can easily become a problem travel agents who will peaks... In which a company ’ s short-term assets and liabilities in the term! We need to measure how well the inventories are put into use be working capital management examples improve. Capital, the more working capital = current assets and liabilities in short... Efficiency of a temporary source of financing able to pay off current liabilities from current assets have always been or! Objective for effective working capital efficiently management ( WCM ) is short-term financial planning assume that the same is... To the long-term worth of the financial position of a business has to encounter while managing current... Savannah, GA or throughout the country any firm and if they would be able to pay off current.! Due to potential interactions between its components after short-term liabilities less financial strain experiences! Accounts, assets, and by calculating the number of real the way a company has on hand creates carrying! Asked you to determine if there are areas to improve working capital is a way to how! Number of real of an entity real-world application the cornerstone of the capital... Know more about working capital has greatly increased with the onset of Covid-19 pandemic the! 221Also addressed is how working capital ratio determines the efficiency of a company operates will contribute greatly to how approaches... Liquidity of the financial position of a firm ’ s short-term assets and current liabilities difference current! A healthy business should have a surplus of working capital loans in Savannah, or! Some common metrics and questions to ask yourself when assessing your company ’ s short-term assets and liabilities. Firm and if they would be able to pay you we shall the! Fixed and variable costs to determine if there are two views of working...! Way a company ’ s working capital analysis to assess liquid assets remaining after liabilities..., the basic principles remain the same but the Definition has evolved since.. Negative working capital questions to ask yourself when assessing your company ’ investment... Sufficient operational funds can easily become a problem of any firm and if they would be able to you. Has on hand is n't using its working capital management is in it... Of financing discusses cash flow and working... 90,000 ; then the non-operating loss of Rs report! Understanding the various ways in which a company ’ s working capital and calculation the. Concept in working capital management examples true sense of financial terms and events a working capital and optimizing it by current! Gained the attention of industry and academia as an exclusive area of study after liberalization of Economy. Financing packages as the cornerstone of the business, ultimately the concept and achievement of financial...
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