Question: Please answer correct with reason Lawrence Company applies for a nine-month loan from a local bank. The evaluate whether Lawrence Company qualifies for the loan,
Please answer correct with reason
Lawrence Company applies for a nine-month loan from a local bank. The evaluate whether Lawrence Company qualifies for the loan, the local bank will use the
a) income statement to evaluate Lawrence Company's profitability.
b) statement of cash flows to evaluate Lawrence Company's solvency.
c) balance sheet to evaluate Lawrence Company's liquidity.
d) balance sheet to evaluate Lawrence Company's solvency.
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