Sergey SpA has net cash provided by operating activities of 1,200,000. Its average current liabilities for the

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Sergey SpA has net cash provided by operating activities of €1,200,000. Its average current liabilities for the period are €1,000,000, and its average total liabilities are €1,500,000. Comment on the company’s liquidity and financial flexibility given this information.

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Intermediate Accounting IFRS

ISBN: 9781119607519

4th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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