1. How does the operating cycle for a manufacturer differ from the operating cycle for a service company (e.g., an airline)? 2. What is the difference between liquidity analysis and solvency analysis?...

1. How does the operating cycle for a manufacturer differ from the operating cycle for a service company (e.g., an airline)?

2. What is the difference between liquidity analysis and solvency analysis?

3. Why is the debt service coverage ratio a better measure of solvency than the times interest earned ratio?