Question: If Iotal assets decrease but total liablities remain the same, what is the impact on the deb - lo - assets ratio? Maple Croice It

If Iotal assets decrease but total liablities remain the same, what is the impact on the deb-lo-assets ratio?
Maple Croice
It decreates.
It carnot be delomined without adstional information.
il increases.
It remains the some.
If Iotal assets decrease but total liablities

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!