Rent-a-CenterSelected data from the financial statements are provided below:
2020
2019
Current Assets$12,000
$6,000
Long-Term Assets14,000
8,000
Current Liabilities4,000
6,000
Long-Term Liabilities14,000
0
Stockholders' Equity8,000
8,000
Net Sales19,000
18,200
Net Income2,000
1,000
Refer to Rent-a-Center. Which of the following is true regarding the debt management ratios between 2019 and 2020?
A. The debt-to-equity and debt-to-total assets ratios both increased.
B. The debt-to-equity and total debt-to-total assets ratios both decreased.
C. The debt-to-equity and long-term debt-to-equity ratios both decreased.
D. The debt-to-equity ratio decreased and the debt-to-total assets ratios increased.
Answer: A
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