W alter we ti necessary to vendors. Question 17 (Mandatory) (0.5 points) Which of the following is an example of a capital structure? o 20 percent debt and 80 percent equity None of the other answers 15 percent current assets and 85 percent fixed assets 10 percent current liabilities and 90 percent long-term debt Question 18 (Mandatory) (0.5 points) ili intenrotina financial statement U 10 percent current liabilities and 90 percent long-term debt Question 18 (Mandatory) (0.5 points) All of the following are reasons that one should be cautious in interpreting financial statements EXCEPT: U All of these are reasons to be cautious in interpreting financial statements. u Firms can take steps to over- or understate earnings at various times. u It is difficult to compare two firms that use different depreciation methods. O Financial managers have quite a bit of latitude in using accounting rules to manage their reported earnings Question 19 (Mandatory) (0.5 points) Which of the following refer to ratios that measure the relationship between a firm's liquid (or current) assets and its current liabilities? Liquiditur O Financial managers have quite a bit of latitude in using accounting rules to manage their reported earnings. Question 19 (Mandatory) (0.5 points) Which of the following refer to ratios that measure the relationship between a firm's liquid (or current) assets and its current liabilities? Liquidity Cross-section Internal growth Market value Question 20 (Mandatory) (0.5 points) Which statement is true? inh loul of liquidity guard against liamidity.crises but at the cost of lower