The

The term "cash is king" is an ever relevant term. With the COVID-19 pandemic extending itself repeatedly, businesses need to be cautious about its cash flow and to ensure that it can sustain itself for a reasonable period of time. Companies that have been labelled as being in "financial distress" need to strategise its financial position in line with this. One of the building blocks for this is the optimisation of the working capital. Working Capital Management has a bottom line impact because money tied up in accounts receivable or inventory has an associated cost of capital.

REQUIRED:

Discuss the above scenario and state your reasons on why you would agree or disagree with the above scenario.

ADDITIONAL INFORMATION / REQUIREMENT

1. You are also required to at least comment on one of your classmates discussion as well.

2. There is no word limit for your main answer or comment.

3. Marks are allocated based on the depth of the answer scheme.

4. References and in-text citation should follow the Harvard Referencing Style