Question
Your client Richard has a cash ratio of 3%. What does Richard need to do to increase his cash ratio to an appropriate level? a.
Your client Richard has a cash ratio of 3%. What does Richard need to do to increase his cash ratio to an appropriate level?
| a. | Reduce lines of credit with higher mortgage payments | |
| b. | Increase portfolio investments in long-term commitments | |
| c. | Convert some fixed-term assets into more liquid assets | |
| d. | Transfer funds from cash accounts to brokerage accounts | |
| e. | I am not sure. |
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Financial Management Theory and Practice
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
2nd Canadian edition
176517308, 978-0176517304
