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The impact of changes in current assets and current liabilities is most closely associated with changes in external financial requirements. This is because current assets and current liabilities are key components of a company's working capital. Working capital is a critical measure of financial health that shows the liquidity available for day-to-day operations.

When there are fluctuations in current assets (like cash, accounts receivable, and inventory) or current liabilities (like accounts payable and short-term debt), it directly affects a company's liquidity position and its ability to meet short-term obligations. External stakeholders, such as creditors, investors, and financial analysts, closely monitor these changes as they can influence lending decisions, investment ratings, and overall assessments of credit risk.

Thus, effective management and analysis of current assets and liabilities are essential for ensuring that a business can uphold its financial commitments and operate efficiently, impacting external financing needs.