1. Explain why deferred taxes that are disclosed as long-term liabilities may not result in actual cash outlays in the future. 2. A firm has a high current debt/net worth ratio in relation to prior...

1. Explain why deferred taxes that are disclosed as long-term liabilities may not result in actual cash outlays in the future.

2. A firm has a high current debt/net worth ratio in relation to prior years, competitors, and the industry. Comment on what this tentatively indicates.

May 26, 2022