Define and explain fixed assets and their relationship with depreciation. Define working capital and its importance/role in business: Financial Management Assignment, SMU

Questions

Define and explain fixed assets and their relationship with depreciation.
Define working capital and its importance/role in business.
Define the cash flow statement and its importance to the business.
Explain the processes involved in budgeting.
Study the below financial Statements and answer the following.

Income statement for the year ended 31st December 2017

Consolidated balance sheet as of 31st December 2017

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