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A strongliquidityposition means that the firm is able to meet its short-termobligationsThe capacity to quickly and affordably turn assets into cash is known as liquidity. The best application ofliquidityratios is in comparison form. Both internal and external analyses may be used. Since different firms require different funding structures, liquidity ratio research may not be as useful when comparing industries. Comparing businesses of various sizes and locations using liquidity ratio analysis is less effective. Any bond, debenture, note, certificate, or other evidence of debt with a definite maturitydatethat is less than one year from thedateof issue is considered a short-term obligation.To learn more aboutliquidityposition refer here:brainly.com/question/28199807#SPJ4...