Which one of the following statements is NOT true?
A) The higher the cash balance, the better the ability of the firm to meet its short-term financial obligations.
B) The lower the cash balance, the better the ability of the firm to meet its short-term financial obligations.
C) The level of the cash balance has no bearing on the firm's ability to meet its short-term financial obligations.
D) None of the above.
Answer: B
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