1. 'Qantas Airways … launching a $500 million capital raising to strengthen its balance sheet and continue funding a fleet upgrade before conditions worsen … "A strong balance sheet for us will be critical going forward," said Mr Joyce … Airlines globally are steeling for $US5 billion ($7.8 billion) in losses this year alone as they grapple with plunging demand …' (Australian Financial Review, 5 February 2009).
2. 'ANZ last night ruled out a capital-raising in the short term, declaring its balance sheet was among the strongest of the major Australian banks. Speculation had mounted that ANZ would tap shareholders for extra funds to boost capital ratios ...' (Australian Financial Review, 1 3 February 2009).
3. 'AMP has joined the ever-growing list of companies to cut dividends during the earnings season ... to strengthen its balance sheet as its cash flow continues to be battered ... The critical priority is to maintain balance sheet strength to continue withstanding the ongoing volatility ...' (Weekend Australian Financial Review, 14-15 February 2009).
4. 'Ms Westwater said the advantage of Queensland's strong balance sheet was that it enabled the state to withstand any unexpected shocks' (Australian Financial Review, 11 January 2007).

Required:
Discuss the implications of each of the quotes from the point of view of the comments made on their balance sheets.