Investigating liquidity is important because (a)    if a company cannot pay its bills on time, it will have difficulty obtaining resources needed to         continue operating.

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Investigating liquidity is important because

(a)    if a company cannot pay its bills on time, it will have difficulty obtaining resources needed to
        continue operating.
(b)    a company needs the ability to buy long-term assets.
(c)    a company’s price-earnings ratio will decline.
(a)    GAAP requires that assets must exceed liabilities.
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