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1. An analyst is evaluating the solvency and liquidity of Apex manufacturing and has collected the following data (Emillions) FY 2016 (Em) FY 2017(Em)

1. An analyst is evaluating the solvency and liquidity of Apex manufacturing and has collected the following data (Emillions) FY 2016 (Em) FY 2017(Em) FY 2018 (Em) Total Debt 1,750 Total Equity 5,000 1,900 4,500 2,000 4,000 Which of the following would be the analyst's most likely conclusion? The company is becoming increasingly less solvent. The company is becoming less liquid. The company is becoming increasingly more solvent.

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