Suppose you examine the following total liabilities to total assets ratio for Lim Corporation vs. its major

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Suppose you examine the following "total liabilities to total assets" ratio for Lim Corporation vs. its major competitors.

2020 2019 2018 2017 2016

Lim Corporation 36% 39% 42% 48% 50%

Lim's Major Competitors 65% 64% 67% 66% 65%

A. Interpret the trend for Lim Corporation during the past 5 years.

B. Is Lim's trend favorable or unfavorable? Explain.

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Fundamental Accounting Principles Volume II

ISBN: 978-1260305838

16th Canadian edition

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

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Posted Date: Apr 04, 2024 04:04 AM

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Suppose you examine the following total liabilities to total assets ratio for Lim Corporation vs. its major

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A Interpretation of the trend for Lim Corporation over the past 5 years In 2016 Lim Corporation had ... View the full answer

Fundamental Accounting Principles Volume II

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