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Pearl's Pizza has cash of $5,000, inventory of $100,000, and accounts receivable of $45,000. Current liabilities are $50,000 and long-term liabilities are $25,000. Which of

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Pearl's Pizza has cash of $5,000, inventory of $100,000, and accounts receivable of $45,000. Current liabilities are $50,000 and long-term liabilities are $25,000. Which of the following statements is correct? Liquidity does not apply to a pizza business as it does not have a liquor licence Pearl's Pizza is highly illiquid There is insufficient information to determine Pearl's Pizza's liquidity Pearl's Pizza is adequately liquid

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