Business
One in three businesses in cash crunch – The Australian Financial Review
Two-thirds of Australian companies surveyed by the ABS have taken a hit to revenue from the COVID-19 downturn, and almost one in three businesses say their cash on hand will last for less than three months.
The survey was taken as governments gradually lift business restrictions and physical distancing rules.
Some 30 per cent of small businesses said their cash on hand would only support business opera…
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