Which of the following is true regarding the liquidity of a firm.

		Liquidity is good for a firm because liquid assets can be turned into cash quickly without much loss in value.
		Liquidity for a firm is bad because the firm can then pay its bills easily, thereby avoiding financial distress.
		Liquidity is good for a firm because it would allow a firm to borrow money by using its most liquid assets, property, plant and equipment, as collateral.
		Assets are usually listed on a firm's balance sheet in order of liquidity.
		Liquid assets generally earn a large return, especially in comparison to illiquid assets.