Question: Question) Data from Faultless Fellers' financial statements are provided below. 2014 2013 Current assets $6 000 $3 000 Non-current assets 7 000 4 000 Current

Question) Data from Faultless Fellers'
Question) Data from Faultless Fellers' financial statements are provided below. 2014 2013 Current assets $6 000 $3 000 Non-current assets 7 000 4 000 Current liabilities 2 000 3 000 Non-current liabilities 7 000 0 Shareholders' equity 4 000 4 000 Net sales 9 500 9 100 Total comprehensive income 1 000 500 Which of the following is true regarding the debt management ratios for Faultless between 2013 and 2014? a) The debt-to-equity and debt-to-assets ratios both increased b) The debt-to-equity and debt-to-assets ratios both decreased c) The debt-to-equity and non-current debt-to-equity ratios both decreased d) The debt-to-equity ratio decreased and the debt-to-assets ratio increased

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