Selected Data from the Financial Statements Are Provided Below

question 170

Multiple Choice

Selected data from the financial statements are provided below:

-Refer to Rent-a-Center. Which of the following is true regarding the debt management ratios between 2019 and 2020?

• A)The debt-to-equity and debt-to-total assets ratios both increased.
• B)The debt-to-equity and total debt-to-total assets ratios both decreased.
• C)The debt-to-equity and long-term debt-to-equity ratios both decreased.
• D)The debt-to-equity ratio decreased and the debt-to-total assets ratios increased.

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Definitions:

Type A Behavior

A personality pattern characterized by high levels of competitiveness, self-imposed stress, and a constant sense of urgency.

Anger

A powerful sense of anger and hostility triggered by what is seen as an unfair act or offense.

Impatience

A feeling of annoyance or anxiety when faced with delay, demonstrating a lack of tolerance for waiting or enduring something, often leading to hasty actions or decisions.

Harlow's Study

A series of experiments by psychologist Harry Harlow focusing on the importance of caregiving and companionship in the social and cognitive development of monkeys.