Kristina desmet believes that the analysis of financial


(a) Kristina Desmet believes that the analysis of financial statements is directed at two characteristics of a company: liquidity and profitability. Is Kristina correct? Explain.

(b) Are short-term creditors, long-term creditors, and stockholders interested in primarily the same characteristics of a company? Explain.

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Accounting Basics: Kristina desmet believes that the analysis of financial
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