Question: What do the following data taken from a comparative balance sheet indicate about the company's ability to borrow additional funds on a long-term basis in

What do the following data taken from a comparative balance sheet indicate about the company's ability to borrow additional funds on a long-term basis in the current year as compared to the preceding year?

Current Year Preceding Year $480,000 120,000 $540,000 180,000 Fixed assets (net) Total long-term liabilities

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