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Which of the following best describes liquidity? 1.The ability to increase the value of retained earnings.2.The ability to pay the debts of the company as

Which of the following best describes liquidity?

1.The ability to increase the value of retained earnings.2.The ability to pay the debts of the company as they become due.3.Being able to buy everything the company requires for cash.4.Purchasing everything the company requires on credit.

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