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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