Multiple Choice
Last year Mittel (Ottawa) had a total debt ratio of .31. This year the total debt ratio is .33. Which one of the following statements can be made with certainty based on this information?
A) The firm is bankrupt.
B) The firm increased its equity financing.
C) The firm had to have sold some long-term assets.
D) The firm had to have borrowed more money.
E) The firm changed its capital structure.
Correct Answer:
Verified
Correct Answer:
Verified
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