Question 1. What is an example of liquidity's importance in analysis of financial statements? Explain its importance from the viewpoint of more than one type of user.
Question 2. Working capital equals current assets less current liabilities. Give an example of factors impairing the usefulness of working capital as an analysis measure.
Question 3. Are fixed assets potentially includable in current assets? Explain. If your answer is yes, describe situations where inclusion is possible.
Question 4. Describe the process and purpose through which Moody's Corporation/Moody's Investors Service conducts financial research and analysis on commercial and government entities.