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April 19, 2006
Fast
Cash is the most liquid asset for a business firm. While the proportion of corporate assets held in the form of cash is very small, often between 1 per cent and 3 per cent, its efficient management is crucial to the solvency of the business because in a very important sense cash is the focal point of fund flows in a business. In view of its importance, it is generally referred to as the "life blood of a business
From Fast
Posted by Tom at April 19, 2006 05:35 PM
