The Following Items Appear on the Balance Sheet of the Piano

question 10

Multiple Choice

The following items appear on the balance sheet of The Piano Company at the end of 2016 and 2015: Between 2015 and 2016

• A) The Piano Company's debt-to-equity ratio and current ratio both increased.
• B) The Piano Company's debt-to-equity ratio and current ratio both decreased.
• C) The Piano Company's debt-to-equity ratio increased and its debt-to-total assets ratio decreased.
• D) The Piano Company's debt-to-equity ratio decreased and its debt-to-total assets ratio increased.

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Definitions:

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