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 Fixed assets (net) Total long-term liabilities 300,000 100,000 Preceding Year $300,000 120,000

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