Faultless, Inc.
Selected data from Faultless' financial statements are provided below.
- Refer to the financial information presented for Faultless, Inc. Which of the following is true regarding the debt management ratios for Faultless between 2011 and 2012?
A) The debt to equity and debt to assets ratios both increased.
B) The debt to equity and total debt to assets ratios both decreased.
C) The debt to equity and long-term debt to equity ratios both decreased.
D) The debt to equity ratio decreased and the debt to assets ratios increased.
Correct Answer:
Verified
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