I need the following:

M5D1: Cash Flows

Prior to discussion activity you should:

• Schoenebeck and Holtzman (2013). Interpreting and Analyzing Financial Statements (6th ed.)
• • Chapter 5: Statement of Cash Flows
• Fraser and Ormiston (2013). Understanding Financial Statements (10th ed.)
• • Chapter 4: Statement of Cash Flows
• Review module 5 powerpoint
• Watch Video: Basic Cash Flow Statement: Using a Cash Flow Statement to Reconcile Net Income with Change in Cash [3.44 mins]

Discussion Background

Prior to the financial recession in the late 2000s, some companies had built up significant cash balances. By 2010, discussions began about whether cash hoarding by firms was an appropriate activity or if it was hurting the economic recovery. Research this issue and answer the following questions:

• What are the advantages of having a large cash balance? Please describe and provide examples.
• What are the disadvantages of having a large cash balance? Please describe and provide examples.
• What companies currently have sizable amounts of cash and liquid investments on their balance sheets?

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