Question: Define the difference between current and long term liabilities. Creditors use several measures to assess a company's creditworthiness, such as working capital, current ratio, payables

Define the difference between current and long term liabilities. Creditors use several measures to assess a company's creditworthiness, such as working capital, current ratio, payables turnover, and days' payable. Discuss what these measures are and why it's important to carefully measure cash flows related to current liabilities.

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