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von 17 Dr. Dong, a financial analyst, observes that a firm consistently realizes lower CFO than its net income. Which one of the following would he most likely conclude? No answer text provided The firm has more profit conceptually but has less liquidity on its account The firm luas more profit, but some of the profit can only be realized when the receivables are collected. Therefore its account has higher level of liquidity due to more frequent transactions The firm has lower profit de to the lower cash the high net income should not be recognized