Question: Since cash generally does not yield a return why does
Since cash generally does not yield a return, why does a company hold cash?
Answer to relevant QuestionsIs there a relation between level of inventories and sales? Are inventories a function of sales? If there is a relation between inventories and sales, is it proportional?Is net income a reliable measure of cash available to meet fixed charges?The following information is relevant for Questions 1 and 2:Austin Corporation's Year 8 financial statement notes include the following information:a. Austin recently entered into operating leases with total future payments ...The income statement of Kimberly Corporation for the year ended December 31, Year 1, is reproduced below:Additional Information:1. The following changes occurred in current assets and current liabilities for Year 1:2. The ...Fax Corporation’s income statement and balance sheet for the year ended December 31, Year 1, are reproduced below:FAX CORPORATIONIncome StatementFor Year Ended December 31, Year 1FAX CORPORATIONBalance SheetDecember 31, ...
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