If a company's financial position is characterized by current liabilities greater than current assets,it is

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When a company's current liabilities are greater than its current assets, it is referred to as being "illiquid." This means the company may have difficulty meeting its short-term financial obligations, such as paying bills or fulfilling customer orders. However, being illiquid does not necessarily mean the company is bankrupt or insolvent, which would indicate more serious financial issues. Liquidated refers to the process of selling off a company's assets in order to pay off its debts.

If a Company's Financial Position Is Characterized by Current Liabilities