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.

Question

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.

Quizplus · Accepted Answer

The Answer of 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.

The Ranger Corporation Data for the Current Year and Prior