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 precedingyear?

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

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