17.

Accelerated depreciation methods for financial reporting are most likely to have which of the following effects on a company's financial ratios during the early years of an asset's life?

		Lower debt-to-equity ratio.
		Higher asset turnover ratio.
		Lower current ratio

18.

If a company using last in, first out (LIFO) reports an inventory balance of $22,000 and a LIFO reserve of $4,000 (assume a 40% effective tax rate), the estimated value for the inventory on a first in, first out (FIFO) basis would be:

		$18,000.
		$24,400.
		$26,000.

28.

Under an operating lease (versus a finance lease) which of the following is higher for the lessee?

		Cash flow from financing.
		Assets.
		Cash flow from operations.