Based upon this excerpt and your own outside sources (as well as Chapter 12 in your textbook), please answer the following questions: How can the Statement of Cash Flows help business owners, investors and others to identify cash flow issues? What is the difference between profit, revenue and cash? What are some ways in which business owners can increase cash flow? Direct excerpt from, “Cash Management is Important for Your Small Business”: There are a couple of old sayings in business. One is, "Cash is king." Another is, "Happiness is a positive cash flow." Surveys are conducted constantly of failed businesses. Most failed businesses, up to 60%, say that all or most of their failure was due to cash flow problems. Businesses have to have as their guide another old saying. Nothing matters more than cash. Making a profit is nice, cash flow is necessary. Cash management is the key to business success. Start-up businesses often find themselves short of cash right off the mark. Existing businesses can find ways to survive if they can find ways to generate cash. Cash is the single most important element of survival for a small business. Small businesses often say that an inability to control cash is their single biggest problem. Note: Reading the above excerpt (in conjunction with your textbook / your own outside sources) and answering the above questions will give you better insight into the importance of cash flow management and the usefulness of the Statement of Cash Flows.