Final answer:
Cash and A/R are significant to users as they represent a company's liquidity and expected cash inflows, necessary for meeting short-term obligations and supporting operations.
Step-by-step explanation:
Cash and Accounts Receivable (A/R) are of significant importance to users because they represent the liquidity and incoming cash flow of a business, which are crucial elements for operation and growth. Cash is the most liquid asset a company can have, readily available for immediate transactions and business expenses.
Accounts Receivable, on the other hand, represents the money that is owed to the company by its customers for goods or services delivered on credit, indicating expected future cash inflows. The management of both cash and A/R is essential for maintaining the asset-liability time mismatch, given that these accounts allow businesses to meet short-term liabilities with ongoing asset inflows.