As the coronavirus pandemic continues to affect economies, businesses and household globally, the impact has been severe, and the world is grappling with the negative consequences. The cash flow of a company is a crucial factor that enhances business operations at this time. To achieve long-term success, Small Medium Enterprises (SMEs), including large firms, must pay close attention to their cash flow. The cash flow portrays how companies receive or spend cash.
It is also one measurement for evaluating firm stability, strength, and future ability to generate cash flows. A business must have adequate cash on hand to pay for operations, liabilities and borrowed funds, and to make…
Source: Nigerian Tribune
