1. (1/2point ) refers to the ability of a company to pay its debts as they mature. a. Financial flexibility b. Intangibility c. Liquidity d. Solvency (1/2 point) A company's operating cycle lasts 6 months. The company's current assets include cash and other assets the company expects to convert to cash, sell, or consume within: a. 6 months b. 12 months c. 18 months d. 24 months