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

This statement is false grad, because:

Cute Camel's total current liabilities increased by $$312$ million, while its use of long$-$term debt increased by $$938$ million

Cute Camel's total notes payable increased by $$78$ million, while its common stock account increased by $$2,438$ million

Cute Camel's total current liabilities decreased by $$312$ million, while its long$-$term debt account decreased by $$938$ million