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Use the Table for the Question(s)below

question 82

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Use the table for the question(s) below. Use the table for the question(s) below.   -If the above balance sheet is for a retail company, how has the company's leverage changed between 2017 and 2018? A) The company has experienced no significant change in its leverage. B) The company has experienced a significant increase in its leverage. C) The company has experienced a very significant decrease in its leverage. D) The company has experienced a significant decrease in its leverage.
-If the above balance sheet is for a retail company, how has the company's leverage changed between 2017 and 2018?

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Definitions:

Revenues

The total amount of money received by a company for goods sold or services provided during a specific period.

Net Income

The remaining profit of a company after it has paid all operational expenses and taxes from its revenue.

Credits

Entries on the right side of a double-entry bookkeeping system that increase liabilities, equity, or revenue accounts, or decrease asset or expense accounts.

Double-entry Accounting

An accounting system in which every transaction is recorded in at least two accounts, ensuring the accounting equation remains balanced.

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