Abstract: An ultrasonic return signal analyzing instrument and method including analog circuitry for making partial power measurements on two selected frequency bands of the frequency spectrum of an ultrasonic return signal waveform and digital circuitry for measuring selected features of the envelope of the ultrasonic return signal waveform. Digital waveform measurements are converted to analog signals and then combined in an algorithmic combining circuit to produce a test statistic signal. A decision circuit receives the test statistic signal and registers a decision on a characteristic of the structure under examination based on the value of the test statistic signal.