Part II 10 marks Match elements and answer the questions below. up the following credit management elements to the underlying reasons for these #1 #2 #3 Match Underlying Reason to Element by inserting the corresponding number Element 1. Credit Rating Willingness to pay 2. Collateral 3. Character 4. Capital Underlying Reason from Column #1 Owner contribution Ability to pay Impact of the business cycle on payments Restrictions on the entity Security for payments Quality of likely payments 5. Capacity 6. Covenants 7. Conditions Which of the elements is related to ratio analysis? Can the elements be used to assess debt and equity investments? Yes or No and support your answer briefly. Explain how character and conditions can affect a decision to lend money