The following items appear on the balance sheet of The Piano Company at the end of 2016 and 2015: Between 2015 and 2016
A)The Piano Company's debt-to-equity ratio and current ratio both increased.
B)The Piano Company's debt-to-equity ratio and current ratio both decreased.
C)The Piano Company's debt-to-equity ratio increased and its debt-to-total assets ratio decreased.
D)The Piano Company's debt-to-equity ratio decreased and its debt-to-total assets ratio increased.

Question

The following items appear on the balance sheet of The Piano Company at the end of 2016 and 2015:  Between 2015 and 2016
A)The Piano Company's debt-to-equity ratio and current ratio both increased. 
B)The Piano Company's debt-to-equity ratio and current ratio both decreased. 
C)The Piano Company's debt-to-equity ratio increased and its debt-to-total assets ratio decreased. 
D)The Piano Company's debt-to-equity ratio decreased and its debt-to-total assets ratio increased.

Quizplus · Accepted Answer

The Answer of The following items appear on the balance sheet of The Piano Company at the end of 2016 and 2015:  Between 2015 and 2016
A)The Piano Company's debt-to-equity ratio and current ratio both increased. 
B)The Piano Company's debt-to-equity ratio and current ratio both decreased. 
C)The Piano Company's debt-to-equity ratio increased and its debt-to-total assets ratio decreased. 
D)The Piano Company's debt-to-equity ratio decreased and its debt-to-total assets ratio increased.

The Following Items Appear on the Balance Sheet of the Piano