Net Working Capital Why is short-term financial planning crucial to a company? Cash Review the different ways in which cash can increase or decrease in a firm. Use the accounting equation to support your answer. The Operating Cycle and Cash Cycle a long operating cycle? Similarly, what are some of the characteristics of a firm with a long cash cycle? Short-term Financial Policy Review the various financing policies to manage current assets. Cash Budgeting Explain what is meant by cash budgeting. The Short-term Financial Plan Review the various ways a firm can finance a short-term cash deficit. Sources and Uses about HeidelbergCement AG: (a) 106.8 million in dividends were paid. (b) Operating assets increased by 301.5 million. (c) Operating liabilities increased by 346 million. (d) Income tax payment was 308.4 million. (e) Property, plant and equipment increased by 853 million. 1 2 3 What are some of the characteristics of a firm with 4 5 6 7 For the year ending 2011, you have gathered the following information