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Question - The following is a summary of information presented on the financial statements of a company on December 31, 2019.
Account
2019
2018
Current Assets
$87,000
$73,000
Accounts Receivable
85,000
81,000
Merchandise Inventory
63,000
56,000
Current Liabilities
53,000
51,000
Long-term Liabilities
44,000
52,000
Common Stock
70,000
57,000
Retained Earnings
68,000
50,000
With respect to long-term liabilities what does the horizantal analysis show?
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