QUESTION 1 (20 MARKS) REQUIRED For each of the questions below write down only the letter of the most appropriate answer e.g. 1.11 C. There will be no negative marking. Note: Calculations must not be shown in your answer book. 1.1 Which one of the following statements is false? Profitability relates to a firm's ability to generate revenues that will exceed costs, by using the firm's assets for productive purposes. Liquidity is a firm's ability to satisfy its short-term obligations as they become due. Solvency is the extent to which a firm's current assets exceed its current liabilities. Financing refers to the various ways by which a firm obtains its funds in order to meet its capital B. D needs