Question
Financial managers must be able to balance current assets and current liabilities to ensure the viability of a business in the short term. Operating cycles
Financial managers must be able to balance current assets and current liabilities to ensure the viability of a business in the short term. Operating cycles and cash cycles are two short-term areas a financial manager must keep track of in managing a business.
- How are the operating and cash cycles of the firm different?
- Why are they important?
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
