Using the reading list provided on the VLE, explain: a. what is meant by Profit and Cashflow and how they are different b. what is meant by Working Capital and in particular, the meanings of Receivables, Inventory and Payables c. how changes in Working Capital affect Cashflow (25 marks) ii. Apply the concepts in (() above to this company to show how the way the company is being managed might affect its financial results. You can use additional hypothetical numbers (ie ones that you make up yourself) to illustrate your answer. (10 marks) iii. Analyse and recommend what steps should now be taken to improve this company's cashflow through better Working Capital management. (15 marks)