Question: QUESTION 2 [20 MARKS] a. The table below gives information extracted from the annual financial statements of Management plc for the past year. Management plc

QUESTION 2 [20 MARKS] a. The table below gives information extracted from the annual financial statements of Management plc for the past year. Management plc - Extracts from annual accounts Calculate the length of the operating cycle (assuming 365 days in the year). (12 marks) b. Highlight four problems with the use of financial ratios as a measure of performance measurement for an orgnisation. (8 marks) QUESTION 3 [20 MARKS] a. A finance manager plays a key role in the organization. Explain any four functions of a financial manager to support the statement. (12 marks) b. Wealth management is a more reasonable argument for financial management than profit maximization. Discuss. (8 marks)

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