Chapter 3财管习题.docVIP

Chapter 3 Discussion Questions 3-1. If we divide users of ratios into short-term lenders, long-term lenders, and stockholders, which ratios would each group be most interested in, and for what reasons? Short-term lenders–liquidity because their concern is with the firms ability to pay short-term obligations as they come due. Long-term lenders–leverage because they are concerned with the relationship of debt to total assets. They also will examine profitability to insure that interest payments can be made. Stockholders–profitability, with secondary consideration given to debt utilization, liqui