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1.     Can a firm with positive net income run out of cash? Explain.

2.     How can you use the balance sheet to assess the health of a firm?

3.     How are the balance sheet and the income statement related?

4.     What is the DuPont Identity and how can a financial manager use it?

5.     What can you learn from the management's discussion in the financial statements or

the notes to the financial statements?

6.     How did accounting fraud contribute to the collapse of Enron?

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