Question: A financial manager must be able to balance current assets and liabilities to ensure a business's viability in the short-term as well. Operating cycles and

A financial manager must be able to balance current assets and liabilities to ensure a business's viability in the short-term as well. Operating cycles and cash cycles are two short-term areas a financial manager must keep track of in managing a business.

How are the operating and cash cycles of the firm different?

Why are they important?

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