Please refer to the partial balance sheet data provided below:

Which of the following is a valid conclusion from the above data?
A) The company relied heavily on retained earnings to finance asset growth in 2017.
B) Current asset and current liability data suggest a liquidity problem in 2017.
C) The company shifted towards greater debt financing and less equity financing over the two year period.
D) The balance in Retained earnings declined over a two year period.

Question

Please refer to the partial balance sheet data provided below:

Which of the following is a valid conclusion from the above data?
A) The company relied heavily on retained earnings to finance asset growth in 2017. 
B) Current asset and current liability data suggest a liquidity problem in 2017. 
C) The company shifted towards greater debt financing and less equity financing over the two year period. 
D) The balance in Retained earnings declined over a two year period.

Quizplus · Accepted Answer

The Answer of Please refer to the partial balance sheet data provided below:

Which of the following is a valid conclusion from the above data?
A) The company relied heavily on retained earnings to finance asset growth in 2017. 
B) Current asset and current liability data suggest a liquidity problem in 2017. 
C) The company shifted towards greater debt financing and less equity financing over the two year period. 
D) The balance in Retained earnings declined over a two year period.

Please Refer to the Partial Balance Sheet Data Provided Below