Complete the following statements with one of the terms listed here. Commitment Finance lease Leverage ratio Debt ratio Income tax payable Operating lease Deferred income taxes payable Lessee Times-interest-earned ratio 1. The 2. measures the proportion of a company's total liabilities to its total assets. is usually a long-term liability arising from the temporary timing differences for revenues and expense recognition between GAAP accounting rules and the U.S. tax code. enables a company leasing an asset to own it after a period of time. 4. A high indicates ease in paying interest expense. is a current liability and represents the amount of income taxes a company must pay to the federal government based on tax 3. A 5. reporting rules 6. A lease that transfers ownership of the asset to the lessee by the end of the lease term would be a 7. A company's average total assets per dollar of average stockholders' equity is its 8. A contractual promise to make transactions in the future that create financial obligations for a company is a 9. The tenant in a lease arrangement is also known as the Complete the following statements with one of the terms listed here. Commitment Finance lease Leverage ratio Debt ratio Income tax payable Operating lease Deferred income taxes payable Lessee Times-interest-earned ratio 1. The measures the proportion of a company's total liabilities to its total assets. ng-term liability arising from the temporary timing differences for revenues and expense recognition between 2. GAAP commitment 3. A ompany leasing an asset to own it after a period of time. debt ratio 4. A hig 3s ease in paying interest expense. deferred income taxes payable UR . reportin ability and represents the amount of income taxes a company must pay to the federal government based on tax finance lease 6. Alea income tax payable 1. A CD the lessee by the end of the lease term would be a iverage stockholders' equity is its he future that create financial obligations for a company is a lessee 8. A Cor leverage ratio 9. The n as the operating lease times-interest-eared ratio