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Category:	Business
Word Count:	307
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	net cash vs income statement
	Traditional measures of financial and managerial accounting are often based on net income. However, net income is not the actual cash available to a given firm. As such, most bankrupt companies do not have sufficient liquidity (cash or assets easily convertible to cash) to cover pressing obligations. Discuss the relative importance of net income versus cash in the financial management of any company. Should we be focusing more on cash management? Why or why not. The Statement of income reflec

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net cash vs income statement