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Selected financial data for rescue rooter are presented below: 20. Selected financial data for Rescue Rooter are presented below: Total liabilities Common shares Paid-in capital
Selected financial data for rescue rooter are presented below:
20. Selected financial data for Rescue Rooter are presented below: Total liabilities Common shares Paid-in capital in excess of par-common shares Retained earnings Year 2 $1,205,000 250,000 150,000 155,000 Year 1 $952,000 225,000 135,000 145,000 Refer to Rescue Rooter. What does the debt-to-equity ratio for Year 2 indicate? a. It is increasing, which may be a cause of concern for the company. b. It is increasing, which is always a good sign from the viewpoint of investors. c. It is decreasing, which may be a cause of concern for the company. d. It is decreasing, which is always a good sign from the viewpoint of investors Step by Step Solution
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