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Your analysts tell you that compared to last year, Firm X increased its financial leverage ratio by 50% and Firm Y decreased its financial leverage

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Your analysts tell you that compared to last year, Firm X increased its financial leverage ratio by 50% and Firm Y decreased its financial leverage ratio by 10%. Based on this information alone, what can we say about the performance of Firms X and Y ? None of the other answers are true. Firm Y is doing better than Firm X. Firm X is doing better than last year. Firm Y is doing better than last year

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