TIME: 6.00 P.M. -- 8.00 P.M. DATE: DECEMBER 4, 2019 INSTRUCTIONS: Answer ALL questions. All Questions carry Equal Marks Question One a) How does working capital management contribute to the firm's shareholder's wealth maximization goal? (10 marks) b) How can a profitable firm be broke? (5 marks) c) Distinguish between working capital management and corporate liquidity management (5 marks) d) Discuss the sequence of resource conversions generally referred to as cash cycle. (5 marks) Question Two Required: Assuming with perfect certainty that the customer will pay according to the credit terms, should Karen approve the order? (10 marks) d) How do credit managers set credit limits for customers