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There is one and one only reason why companies go out of business: they run out of cash. Many a situation may lead to this, but lack of cash is the reason. Whe
by UzhasKakoi 8y ago
There is one and one only reason why companies go out of business: they run out of cash.
Many a situation may lead to this, but lack of cash is the reason. When Leaman Brothers when under, the company had half-a-trillion dollars in assets but it could not convert these assets fast enough into cash to continue its operations.