Admittedly the primary interest of shareholders of a company will be the discharge of stewardship by the
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Admittedly the primary interest of shareholders of a company will be the discharge of stewardship by the directors and the profitability of their business. Nevertheless they will also be watchful of the company’s liquidity levels for the following reasons:
(i) Liquidity problems will result in failure to take advantage of profit-making opportunities
(ii) Faced with liquidity problems the company may not pay dividends
(iii) Low liquidity may result in resignation of company directors
(iv) If liquidity is low the company may not be able to pay its creditors in time Which of the above statements are correct?
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Related Book For 
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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