The following statement was made in the finance directors report of a company making retail sales: The
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The following statement was made in the finance director’s report of a company making retail sales:
The increase in cash has resulted from improved trading, the benefits of a working capital reduction of £8m and a reduced level of capital expenditure in the period.
The cash flow statement showed the following information:
Required Explain how the management improved the cash position by managing the working capital.
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The cash position of a company is influenced by its management of working capital which refers to the shortterm assets and liabilities involved in day...View the full answer
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