Question: What do the following data taken from a comparative balance sheet indicate about the companys 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 precedingyear?

Current Year Preceding Year Fixed assets (net) Total long-term liabilities $1,260,000 1,360,000 400,000 300,000

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