1)

In computing key ratios for bond ratings, which of the following adjustments does STANDARD & POORS not make? (only 1 correct answer)

		A) Include amount for operating lease debt equivalent to long-term debt
		B) Include interest income in EBIT
		C) Include equity earnings in EBIT
		D) Subtract capitalized interest from gross interest expense.

2)

About non-GAAP earnings which of the following is true? (only 1 correct answer)

		A) Firms should mention GAAP earnings before non-GAAP earnings in earnings announcements
		B) Auditors have to certify non-GAAP earnings.
		C) Firms can not mention non-GAAP earnings in earnings announcements
		D) Non-GAAP earnings cover gaps that exist in financial statements.