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Belen Company has the following financial data related to years 2017 and 2018: Net Income 2017: $30,000 Net Income 2018: $45,000 Average Total Assets 2017:
Belen Company has the following financial data related to years 2017 and 2018:
Net Income 2017: $30,000
Net Income 2018: $45,000
Average Total Assets 2017: $347,000
Average Total Assets 2018: $425,000
Average Stockholders Equity 2017: $127,000
Average Stockholders Equity 2018: $115,000
Based on the information above, Belen Companys financial leverage
a. Remained the same over both years
b. Increased from 2017 to 2018
c. Decreased from 2017 to 2018
d. Cannot be determined from the information given.
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