The phrase "Revenue is vanity, profit is sanity, cash is reality" encapsulates the essence of financial health in a business. This phrase is commonly used in financial analysis, financial management, accounting, and business strategy to remind managers and stakeholders of the importance of focusing on cash flow for long$-$term viability.

QUESTION ONE

Analyze any five Nairobi Securities Exchange listed companies that have the following characteristics:

$1.$ The companies have revenue figures which are impressive but are deceptive because the costs incurred significantly eat into the revenue generated by these companies. Ensure you include the company name, year$($s$),$ revenues and costs. $(15$ Marks$)$

QUESTION TWO

Analyze any five Nairobi Securities Exchange listed companies that have the following characteristics:

$1.$ The companies have impressive cash flows that have enabled the companies sustain operations, invest in growth, and meet obligations Ensure you include the company name, year$($s$)$ and cash flows from operating, investing and financing activities. $(15$ Marks$)$

NB

For the two questions, analyze financial statements for the period $20202023.$ The companies selected for analysis can either be the same for question one and two or the companies used in question one can be different from those used in question two.