1. The following definitions describe either profitability, liquidity or solvency. Label each of the following definitions with the correct performance measure.

1. Ability of the business to generate sufficient cash to meet cash demands without disturbing the on-going operation of the business. _______
2. Ability of the business to generate income in excess of expenses. _______
3. Ability to repay all financial obligations if all assets were sold and ability to continue operations as a viable business after a financial adversity. _______