Explain briefly why cash is critical for the survival of any business? Marks= 5 The following...

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Explain briefly why cash is critical for the survival of any business? Marks= 5 The following information has been taken from the financial statements of Othello ple for the years ended 30th September 2015 and 2016 Profit before taxation and after interest Depreciation charged in arriving at operating profit Inventories held at the end of the year Trade receivables at the end of the year Trade payables at the end of the year 2 2015 Sm 212 94 54 48 30 2016 Sm 374 110 63 46 34 Required Calculate the amount for cash generated from operations for Othello ple for the year ended 30th September 2016. Marks 5 Explain briefly why cash is critical for the survival of any business? Marks= 5 The following information has been taken from the financial statements of Othello ple for the years ended 30th September 2015 and 2016 Profit before taxation and after interest Depreciation charged in arriving at operating profit Inventories held at the end of the year Trade receivables at the end of the year Trade payables at the end of the year 2 2015 Sm 212 94 54 48 30 2016 Sm 374 110 63 46 34 Required Calculate the amount for cash generated from operations for Othello ple for the year ended 30th September 2016. Marks 5

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Cash is critical for the survival of any business due to the following reasons 1 Liquidity and Immediate Obligations Cash provides the necessary liquidity for a business to meet its immediate financia... View the full answer