Ms. Karien, the assistant financial manager, was provided with the following information for the purpose of...

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Ms. Karien, the assistant financial manager, was provided with the following information for the purpose of draft a report on the liquidity of the company: Current assets Current liabilities Current ratio Quick ratio You are required to: 2022 R1 876 000 R1 089 000 1.72:1 1.20:1 2021 R1 452 000 R945 000 1.54:1 1.10:1 2020 R1 128 000 R878 000 1.28:1 0.82:1 Industry average 1.42:1 0.96:1 1. Discuss why it is important for management to place emphasis of cash management during time of economic and business uncertainty. 2 Assist Ms. Karien to draft a report to management analysing the liquidity of the company. Your answer must be supported with calculations and reasons - also included addition analysis that could be performed. Ms. Karien, the assistant financial manager, was provided with the following information for the purpose of draft a report on the liquidity of the company: Current assets Current liabilities Current ratio Quick ratio You are required to: 2022 R1 876 000 R1 089 000 1.72:1 1.20:1 2021 R1 452 000 R945 000 1.54:1 1.10:1 2020 R1 128 000 R878 000 1.28:1 0.82:1 Industry average 1.42:1 0.96:1 1. Discuss why it is important for management to place emphasis of cash management during time of economic and business uncertainty. 2 Assist Ms. Karien to draft a report to management analysing the liquidity of the company. Your answer must be supported with calculations and reasons - also included addition analysis that could be performed.

Answer rating: 100% (QA)

1 Importance of Cash Management during Economic and Business Uncertainty During times of economic and business uncertainty cash management becomes crucial for companies Here are some reasons why manag... View the full answer