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Is the ceo correct

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Problem 1: In the annual report to the shareholders, the CEO of Flipper Inc wrote, "1997 was a good year for the firm with respect to our ability to meet our short-term obligations. We had higher liquidity largely due to an increase in highly liquid current assets (cash, account receivables and short-term marketable securities)." Is the CEO correct? Explain and use only relevant information in your analysis.

Reference no: EM132664378

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