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Short answer questions

1. What are liquidity measures?

2. What are ratios used to measure a company's ability to make its debt payments called?

3. Name two items that should be included in an RFP for a financial systems implementation.

4. Label the following as temporary or permanent tax differences:

 Meals

 Accruals

 Entertainment

 Prepaids

 Penalties

5. What is a loan covenant?

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