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Keep Afloat Tugboats had the following debt ratios 0.60; 0.50; 0.45 for 2012, 2013, 2014 ...

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Keep Afloat Tugboats had the following debt ratios 0.60; 0.50; 0.45 for 2012, 2013, 2014 ...

Keep Afloat Tugboats had the following debt ratios 0.60; 0.50; 0.45 for 2012, 2013, 2014 respectively. Which of the following statements most correctly depicts the changing ratios?
A) The proportion of assets represented by equity has increased.
B) The business is more at risk to interest rate changes due to increased borrowing.
C) The business is less at risk due to exchanging accounts payable for notes payable.
D) Business risk has not changed due to leverage remaining constant.

Textbook

Accounting, Volume 1, Canadian Edition

Edition: 9^th

Authors: Horngren, Harrison, Johnston, Meissner, Norwood

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More solutions for this book are available here

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