1. We can compare financial figures among competitors to see where the company stands. This is called

   		Time-trend analysis
   		Peer group analysis
   		Both the above
   		None of the above

2. You conduct a common balance sheet analysis on Apple. You find that its long-term debt increased from 70.70% to 73.27% in the latest two years. How would you interpret this finding?

   		The company borrows less in long-term debt when compared to total assets in the past two years.
   		The total long-term debt went up in terms of the dollar amount over this time period.
   		The company increased its long-term debt when compared to total assets in the past two years.
   		None of the above