Describes how lenders tend to look at loan repayment

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Reference no: EM131586429

1. Who is responsible for the preparation and integrity of a company’s financial statements?

The company’s auditors

The company’s management

The board of directors

The company’s accounting department

2. Which of the following statements describes how lenders tend to look at loan repayment?

Cash, and only cash, repays loans.

Ratios are compared to industry benchmarks.

Long-term profitability is analyzed.

Evaluations are based on collateral.

Reference no: EM131586429

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