1. Which one of the following is not consistent with a restrictive short-term financial policy?

Group of answer choices

Lower accounts receivable balances

Lower inventory balances

Lower cash balances

Liberal credit policies

2..What characteristic of preferred stock allows for dividend payments in excess of the preferred stocks coupon rate because dividends on common stock exceeds a threshold?

Group of answer choices

Authorized

Collateralized

Participating

Corrective

Cumulative