Qantas Airways Limited is Australia 's largest domestic and international airline, and provides both passenger and cargo services On its balance sheet as at June 30, 2009, Qantas reported cash and cash equivalents of 3,617 million Australian dollars (AUD) The notes accompanying its financial statem...

a Readily Marketable means that the securities in question are very liq ...

Qantas Airways Limited is Australia's largest domestic and international airline, and provides both passenger and cargo services.

Question:

Qantas Airways Limited is Australia's largest domestic and international airline, and provides both passenger and cargo services.
On its as at June 30, 2009, Qantas reported cash and cash equivalents of 3,617 million Australian dollars (AUD). The notes accompanying its revealed that this amount included investments of AUD 3,002 million. The notes also stated that the investments are readily convertible into a known amount of cash and that their value is unlikely to change significantly.
Required:
a. Explain what Qantas means when it says that the investments are readily marketable. What can you infer from this about the company's cash management practices?
b. Explain why a company would choose to put cash into short-term investments rather than a savings account at a financial institution. Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...