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10 cards from this deck
Current assets - current liabilities
Having sufficient liquid assets to pay bills when due
Total assets minus total liabilities
How business has invested funds raised
Different sources of funding (equity vs debt)
Solvency - ability to repay what is owed
Inventories, trade receivables, cash & equivalents
Trade payables, short-term borrowings, tax liabilities
Monitor financial position & make strategic decisions
Approximate value of the business
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