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answer question 3. How is the income statement related to the balance sheet? 5. Discuss the Enron situation. Why did it have such a widespread

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3. How is the income statement related to the balance sheet?

5. Discuss the Enron situation. Why did it have such a widespread impact?

7. what is the major difference between liquidity ratios and solvency ratios?

9. what are the three major ratios used by investors? What does each of them measure?

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