10. Based on your analysis from Part One, is the change in Debt Ratio from 2021 to 2022 an improvement, a deterioration or no change to one decimal place?

11. Based on your analysis from Part One, which of the following transactions and events would result in an improvement in Debt Ratio in year 2020?

    1. making a payment of principal and annual interest on a reducing balance loan

    2. selling goods on credit at the normal mark-up

    3. the cash sale of a non-current asset for a profit

    4. A and B only

    5. A and C only

    6. B and C only

    7. All of the above

    8. None of the above

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