Scroll down to complete all parts of this task. The table below presents some ratios that were considered significant by an auditor in the current and prior year's audits of a client. Select from the option is provided the most likely explanation for the analytical results. Each choice may be used once more than once, or not at all Ratio Year 1 Explanation 1. Debt to equity Select an option below 2. Gross profit percentage 3. Quick 4. Inventory turnover 5. Return on equity Sales decreased compared with the prior year O Cost of goods sold increased during the year at a lower rate than sales increased O Proceeds from the issue of noncurrent debt were used to pay accounts payable O Capital stock was issued during the year, The entity may have accumulated excess and obsolete inventory RESET CANCEL ACCEPT Select an option below O Cost of goods sold increased during the year at a lower rate than sales increased. O Proceeds from the issuance of noncurrent debt were used to pay accounts payable. O Capital stock was issued during the year. O The entity may have accumulated excess and obsolete inventory. O Inventory decreased by mormthan cost of goods sold decreased for the year. O Cost of goods sold decreased by less than sales decreased during the year. RESET CANCEL ACCEPT