3.

Using the data below, mark ALL the staternents which are most likely TRUE (ff none are true, leave all blank. Otherwise select all that apply). You are examining the Common Size Entry for Interest Expense between 2020 and 2021 and notice it has increased. The increase in the comenon size account can be attributable to: Balance Sheet k Ineeme Statement ttems Interest rales con new inlerest paying debt decreasing during the year. The Common Size Entry for CoOS remaing constant despite the decrease in Sales. The amount of matest paying debt increasing in 2021 A decrease in sales while the level of interest phying debt remaining constant. The ievil of inventory decreasing despite COGS as a percentage of sales remaining constant