1. Financial management is a managerial activity which is concerned with the planning \& controlling of the firm's financial resources. a. Discuss the different areas in the business operations that is related to financial management? b. What are the policies/strategies that the financial manager could implement along financi resources to achieve goals and objectives or the organization? 2. In working capital management, the business has to manage its liquidity. a. Why is it important that the company must be liquid all the time? b. What are the strategies that the company could implement to maintain its liquidity? 3. Give at least 3 examples of businesses who had undergone merger or consolidation. It can be international or local. a. Discuss the nature of the consolidation. b. What do you think are the reasons or objectives for the merger/consolidation? 4. Below are the financial statements of Bigtime Inc. for the most previous years. Exhibit 1 Income Statement (In thousands) The company manufactures a clothing line designed for middle and upper class executives. manager of the company Mr. Wilson went to your bank and applied for a loan to suppor growing demand for the product. The manager of the loan department asked you to e overall financial health of the business as a basis in granting the loan. a. What recommendation are you going to make to the head of the loan departmet. b. Support your recommendation with the financial analysis that you have made