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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
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? There is insufficient information to determine Pearl's Pizza's liquidity Pearl's Pizza is highly illiquid Pearl's Pizza is adequately liquid Liquidity doe not apply to a pizza business as it does not have a liquor licence
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