3. Which of the following statements regarding liquidity and profitability is not true? a. If...
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Accounting
3. Which of the following statements regarding liquidity and profitability is not true?
a. If a business is unable to pay its debts as they come due, it is operating unprofitably b. In order to survive in the long run, a business must both remain liquid and operate profitably c. A business may operate profitably, yet be unable to meet its obligations d. A business may be liquid, yet operate unprofitably for several years
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