Problem: Cash and Credit Management
• Why do companies need to hold sufficient cash? Why would cash be considered "king" and how is this reflected in the balance sheet in terms of liquidity and solvency ?
• You are a Treasury Manager for a multi-national corporation. What options would be available for you to borrow money in the short-term?
• How and why do the Income Statement and Balance Sheet complement each other in terms of performance and wealth?
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.