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Melly767 Melly767
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A company's long-term solvency

▸ can be measured by the gross profit percentage.

▸ depends on the success of its operations and on its ability to raise capital for expansion.

▸ can be measured by the days to collect receivables ratio.

▸ depends on its ability to generate cash for the payment of dividends.
Textbook 

Auditing and Assurance Services


Edition: 17th
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studytimestudytime
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depends on the success of its operations and on its ability to raise capital for expansion.

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