Engineering Economics
In case of bankruptcy of a partnership,

The partners nay sell stock to generate additional capital
The partners personal assets are attached to the debt of the partnership
The partners are not liable for the liabilities of the partnership
The partnership assets (excluding the partners personal assets) only will be used to pay the liabilities

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Engineering Economics
Liquidity ratios are used:

To compare short term obligations to short-term resources available to meet these obligations
To obtain much insight into the present cash solvency of the firm and the firm
All of these
To measure a firm’s ability to meet short-cut obligations

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