Which of the following statements accurately describes financial flexibility?

Financial flexibility is the ability of a company to efficiently produce goods and services for customers and is

indicated by the productive capacity of long$-$lived assets.

Financial flexibility comes from a company's ability to obtain cash by selling assets without disrupting

operations and its ability to efficiently produce goods and services for customers.

Financial flexibility refers to how quickly a company can convert assets into cash.

Financial flexibility is the ability of a company to use its financial resources to adapt to change and comes from

a company's ability to raise new capital.