Testbank True False Question 01 Liquidity refers to the ability of an enterprise to pay its debts as they mature. O True O False ES Testbank True False Question 03 Financial flexibility measures the ability of an enterprise to take effective actions to alter the amounts and timing of cash flows. True False Question Attempts: 0 of 1 used SAVE Testbank True False Question 06 Land held for speculation is reported in the property, plant, and equipment section of the balance sheet. True O False