While managing a firm's assets,a financial manager should include ________.

Question

Quizplus · Accepted Answer

Cash is a crucial asset that needs to be managed by a financial manager. It is necessary to maintain sufficient cash to meet the business's day-to-day expenses and unforeseen events. The ending balance of retained earnings and earnings before tax are not assets to be managed; they are numerical values used to determine a firm's profitability. Accounts payable is a liability that a financial manager needs to manage, not an asset.

While Managing a Firm's Assets,a Financial Manager Should Include ________