AN ANALYST IS MAKING THE NECESSARY ADJUSTMENTS TO CONVERT OPERATI...

103. - MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM MORNING VERSIONB QUESTIONS 2014
MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM MORNING VERSIONB QUESTIONS 2014

103.

An analyst is making the necessary adjustments to convert operating leases to capital leases for comparison with other companies. The most likely effect of the adjustments will be that the: A. current ratio will increase. B. interest coverage ratio will not be affected. C. debt-to-capital ratio will increase.