12. The operating cycle must not only generate cash for best term to complete the sentence.

1. working capital
2. fixed assets
3. investments

, it must generate sufficient cash to service debt. Select the

13. The analysis of short-term liquidity risk requires an understanding of the complete the sentence.

1. management
2. owners
3. operating cycle

of a firm. Select the best term to

14. Financially healthy firms frequently close any cash flow gaps in their operating cycles with

1. capital
2. long-term debt
3. short-term borrowing

15. Short answer: If you calculated a "bad" z-score for a company, how would you describe that company to an investor?