The Ranger Corporation Data for the Current Year and Prior

question 1

Multiple Choice

The Ranger Corporation data for the current year and prior year is as follows: What would a horizontal analysis report with respect to long-term liabilities show?

• A)The debt ratio is 35.32%.
• B)Long-term liabilities increased by 51.33%.
• C)The current ratio is 4.24%.
• D)Long-term liabilities decreased by $5400.

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Definitions:

Intellectual Disability

A developmental disorder characterized by below-average intellectual function and a lack of skills necessary for day-to-day living, diagnosed before the age of 18.

Socioeconomic Backgrounds

The social and economic factors that characterize the family environment in which a person is raised, including education, income, and occupation.

Dyslexia

A learning disorder characterized by difficulty in reading due to problems identifying speech sounds and learning how they relate to letters and words.

Reading Comprehension

The ability to process text, understand its meaning, and to integrate it with what the reader already knows.