Question
Suppose you examine the following total liabilities to total assets ratio for Lim Corporation vs. its major competitors. 2020 2019 2018 2017 2016 Lim Corporation
Suppose you examine the following "total liabilities to total assets" ratio for Lim Corporation vs. its major competitors.
2020 2019 2018 2017 2016
Lim Corporation 36% 39% 42% 48% 50%
Lim's Major Competitors 65% 64% 67% 66% 65%
A. Interpret the trend for Lim Corporation during the past 5 years.
B. Is Lim's trend favorable or unfavorable? Explain.
Step by Step Solution
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Step: 1
A Interpretation of the trend for Lim Corporation over the past 5 years In 2016 Lim Corporation had ...
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Fundamental Accounting Principles Volume II
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
16th Canadian edition
1259261433, 978-1260305838
