Given the following information,determine if FanCo,a foreign corporation,is a CFC.
Patricia is Murray's daughter.
Definitions:
Evaluation Of Liquidity
The process of assessing a company's ability to meet its short-term obligations using its current assets.
Current Obligations
Debts or financial commitments that are due to be settled within one year or within the normal operating cycle of the business.
Times Interest Earned Ratio
Operating income divided by interest expense.
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