Question $3$

Why is it crucial for a financial manager to understand the timing of cash flows within the

firm?

It plays a pivotal role in optimizing the schedule for dividend distributions.

It directly influences the firm's approach to predicting stock market movements.

It is essential for forecasting future interest rates with precision.

It ensures the firm's ability to meet imminent liabilities as they arise.

It determines the company's capacity to secure additional debt financing.