Which of the following is not an example of typical analytical procedures related to debt?
A)Perform a trend analysis of the balances in notes payable,interest expense,and accrued interest with prior periods,considering known client activities related to debt.
B)Calculate the total debt-to-equity ratio and perform a trend analysis with prior periods.
C)Calculate the times interest earned ratio and perform a trend analysis with prior periods.
D)Calculate the current ratio and perform a trend analysis with prior periods.

Question

Quizplus · Accepted Answer

The current ratio is not specifically related to debt analysis, but rather a measure of a company's ability to pay its short-term obligations with its current assets. A, B, and C all involve analyzing debt-related ratios and trends.

Which of the Following Is Not an Example of Typical