1. Inflation can distort which analysis?

a. Comparative analysis,

b. Trend analysis,

c. Both of the above.

2. A short-term creditor would be most concerned with which category of ratios?

a. Liquidity ratios,

b. Profitability ratios,

c. Debt management ratios,

d. Asset management ratios,

1. An investor would be most concerned with which category of ratios?
   1. Liquidity ratios,
   2. Profitability ratios,
   3. Debt management ratios,
   4. Asset management ratios.

1. A lease that provides for both the financing and maintenance of an asset
   1. Is a Financial Lease,
   2. Is an Operating Lease,
   3. Is neither an Operating Lease or a Financial Lease
   4. Can be both an Operating Lease or a Financial Lease.

1. The cancelation of a lease would be done most likely by
   1. The lessor in a Financial Lease,
   2. The lessee in a Financial Lease,
   3. The lessor in an Operating Lease,
   4. The lessee in an Operating Lease.

1. A lease that is a contractual obligation for the lessee
   1. Is a Financial Lease,
   2. Is an Operating Lease,
   3. Is neither an Operating Lease or a Financial Lease,
   4. Can be both an Operating Lease or a Financial Lease.

1. A lease that is designed to cover the full cost of the leased asset
   1. Is a Financial Lease,
   2. Is an Operating Lease,
   3. Is neither an Operating Lease or a Financial Lease.
   4. Can be both an Operating Lease or a Financial Lease,