Treetop Company paid off a $100,000 two-year note payable.The effect of this transaction is that the
A)earnings per share increased.
B)current ratio decreased.
C)debt-to-equity ratio increased.
D)debt-to-equity ratio decreased.

Question

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The Answer of Treetop Company paid off a $100,000 two-year note payable.The effect of this transaction is that the
A)earnings per share increased.
B)current ratio decreased.
C)debt-to-equity ratio increased.
D)debt-to-equity ratio decreased.

Treetop Company Paid Off a $100,000 Two-Year Note Payable