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EXERCISE 22-14 The following are comparative debt ratios for two companies in the same industry: Dilly Inc. 2020 40% 70% 2019 35% 83% Kevnar Corporation

EXERCISE 22-14 The following are comparative debt ratios for two companies in the same industry: Dilly Inc. 2020 40% 70% 2019 35% 83% Kevnar Corporation Required: Which company has strengthened its balance sheet? Explain your

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