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A firm's net income reported on its income statement must equal the operating cash flows on the statement of cash flows. True False A liquid
A firm's net income reported on its income statement must equal the operating cash flows on the statement of cash flows. True False A liquid asset is an asset that can be easily converted into cash without a significant loss of its original value. True False One would calculate changes in balance sheet accounts fee A typical ratio analysis. Pro forma balance sheet construction. Statement of cash flows construction Profit and loss analysis. Pro forma income statement construction
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