Intermediate Financial Management
14th Edition
ISBN: 9780357516782
Author: Brigham, Eugene F., Daves, Phillip R.
Publisher: Cengage Learning
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What does “liquidity” refer to in finance?
a) The profitability of a companyb) The ease of converting assets into cashc) The stability of incomed) The level of debt
What does “liquidity” refer to in finance?
a) The profitability of a companyb) The ease of converting assets into cashc) The stability of incomed) The level of debt
Which of the following is considered a long-term source of finance for a business?
A) Trade credit
B) Short-term bank loan
C) Issue of shares
D) Overdraft
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