Use the Information That Follows Taken from Campbell Company's Financial

Essay

Use the information that follows taken from Campbell Company's financial statements for the years ending December 31, 2010 and 2009 to answer problems 45 through 48.

-Calculate Campbell's debt to equity ratio as of December 31, 2009 and as of December 31, 2010. Also assume that in Campbell's industry, the industry average debt to equity ratio is 2.75 as of December 31, 2009 and as of December 31, 2010.
A) Campbell's debt to equity ratio improved from 2009 to 2010.
B) Campbell's debt to equity ratio was better than average for the industry both years.
C)
C) Campbell's debt to equity is worse than average for the industry for both years.
D) Both a and b above, but not