Multiple Choice
-Kamal Company's debt-to-equity ratio was 0.52 to 1 in 2017 and 0.58 to 1 in 2016. Which of the following statements is true concerning Kamal ?
A) The company has a smaller percentage of capital from owners at the end of 2017 than at the end of 2016.
B) The company is improving its debt-to-equity ratio.
C) The company relied more on creditors for capital during 2017 than in 2016.
D) The company appears to be in a weaker position at the end of 2017 to finance capital expenditures from cash flow generated by operating activities.
Correct Answer:
Verified
Correct Answer:
Verified
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