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Statement # 2 : Over the past two years, Green Caterpillar Garden Supplies Inc. has relied more on the use of short - term debt
Statement #: Over the past two years, Green Caterpillar Garden Supplies Inc. has relied more on the use of shortterm debt than on longterm debt financing.
This statement is because:
Green Caterpillar's total current liabilities increased by $ million, while its use of longterm debt increased by $ million.
Green Caterpillar's total notes payable increased by $ million, while its common stock account increased by $ million.
Green Caterpillar's total current liabilities decreased by $ million, while its longterm debt account decreased by $ million.
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