#$2$: Over the past two years, Cute Camel Woodcraft Company has relied more on the use of short$-$term debt than on long$-$

term debt financing.

This statement is

$,$ because:

Cute Camel's total notes payable increased by $$117$ million, while its common stock account increased by $$3,656$ million

Cute Camel's total current liabilities increased by $$469$ million, while its use of long$-$term debt increased by $$1,406$ million

Cute Camel's total current liabilities decreased by $$469$ million, while its long$-$term debt account decreased by $$1,406$ million