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The Ranger Corporation Data for the Current Year and Prior

Question 1

Multiple Choice

The Ranger Corporation data for the current year and prior year is as follows: The Ranger Corporation data for the current year and prior year is as follows: What would a horizontal analysis report with respect to long-term liabilities show? A) The debt ratio is 35.32%. B) Long-term liabilities increased by 51.33%. C) The current ratio is 4.24%. D) Long-term liabilities decreased by $5400. What would a horizontal analysis report with respect to long-term liabilities show?


A) The debt ratio is 35.32%.
B) Long-term liabilities increased by 51.33%.
C) The current ratio is 4.24%.
D) Long-term liabilities decreased by $5400.

Correct Answer:

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