Following Are Selected Data from Westmoreland Company's Financial Statements
-Refer to the Westmoreland Company Data
Following are selected data from Westmoreland Company's financial statements.
-Refer to the Westmoreland Company data. ?
Westmoreland's debt-to-equity ratio for 2017 is:
A) an indicator that Westmoreland Company's ability to meet current interest payments to creditors is increasing.
B) increasing slightly from 2016 to 2017.
C) an indicator that for every $1 of capital that stockholders provided, creditors provided $0.83.
D) an indicator that Westmoreland Company has relied on stockholders for funds more in 2016 than in 2017.
Correct Answer:
Verified
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