If total assets increase but total liabilities remain the same, what is the impact on the debt-to-assets

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If total assets increase but total liabilities remain the same, what is the impact on the debt-to-assets ratio?

a. Increases.

b. Decreases.

c. Remains the same.

d. Cannot be determined without additional information.

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Fundamentals Of Financial Accounting

ISBN: 9780073527109

3rd Edition

Authors: Fred Phillips, Robert Libby, Patricia A Libby

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Question Posted: Apr 26, 2024 11:00 PM

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If total assets increase but total liabilities remain the same, what is the impact on the debt-to-assets

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The correct answer is b Decreases The debttoassets ratio is calculated by dividing total debt ...View the full answer

Fundamentals Of Financial Accounting

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