Question 1

The impact of the COVID-19 epidemic on enterprises reveals that insufficient cash flow to retain staff and operations, supplier disruptions, and access to raw materials have been their greatest obstacles. Assuming you are a financial controller at your firm, determine the financial health of your company (Balance Sheet, Income Statement, and Cash Flow Statement) and offer FIVE financial strategies to help small businesses overcome the financial challenges they face today.

Question 2

Working capital management is balancing the movements of five key elements cash, trade receivables, trade payables, short-term finance, and inventory - to ensure that a company has sufficient resources to function effectively. Discuss the significance of working capital management in corporate organizations and provide three examples of working capital practices.

Please help guide and write up NOT more than two thousand words.