homework 494712

Homework Liquidity Ratios Respond to the following: – From the first e-Activity, evaluate the impact of not considering the current portion of long-term liabilities in the current ratio and working capital, and how this may impact day- to-day business decisions. – Determine the implications of a significant positive change in the ratio. Provide a rationale with your response. [250 words][1-2 references] 2-Comprehensive Income Respond to the following: – From the second e-Activity, elaborate on the potential consequences of eliminating the option to present other comprehensive income within the statement of changes in equity on financial statement users and companies. – Evaluate the effect of the increased prominence of other comprehensive income on financial statement users and companies. [250 words][1-2 references] Operating Activities Respond to the following: –From the e-Activity, evaluate the logic of reflecting key person life insurance in the operating activities of the cash flow statement and determine if this presentation is misleading to users of the financial statements. — Currently, Financial Accounting Standards Board (FASB) has not provided guidance on the appropriate section for reflecting key person life insurance. As a member of FASB, determine the guidance you would provide for key person insurance in the cash flow statement. Provide your rationale. [250 words][1-2 references] 4- Free Cash Flow Respond to the following: — Analyze the impact of erroneous classifications in the operating activities section of the cash flow statement on free cash flow and how this distortion can impact the decisions made by financial statement users. — Assess the importance of free cash flow in a growth company. Provide a brief scenario of a specific type of business that would benefit from free cash flow. [250 words][1-2 references]??????????????????????????????????????????????????????????????????????????????????????????????????????????????????