Essay
Merry Maids Company
Merry Maids Company began 2019 with a cash and cash equivalents balance of $7,670. Consolidated statements of cash flows for the years ended December 31, 2020 and 2019, are presented below:
-Refer to Merry Maids Company. At the end of each year, the company's cash balance was approximately $5 to $7 million. What does this indicate about its cash management techniques?
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