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233 Managing Finance
2 LIQUIDITY
This complete lesson includes:
a) Distinction between profit and cash
b) Statement of financial position (balance sheet):
• measuring liquidity: calculating current ratio and acid test ratio
• ways to improve liquidity, including assets, supplier credit terms, factoring, inventory JIT
c) Working capital and its management: the importance of cash
This lesson is written by Sarah Hilton at Revisionstation
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