Refer to the summary financial information for Momentum Clothing Distributors. Which of the following statements is true?
A) The company's level of financing risk was greater in 2011 than it was in 2010.
B) In comparison to 2010, the company became less efficient in 2011 in generating revenues from its investment in assets.
C) Despite the increase in sales in 2011, the company controlled its expenses just as well as it had in 2009.
D) The company's level of financing risk was less in 2010 than it was in 2009.
Correct Answer:
Verified
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