Please help answer the attached question.
Question: 1/1
Mandatory
Solvency Ratio
An analyst is evaluating the solvency and liquidity of Apex Manufacturing and has collected the following data (in crores):
FYS (current year) FY4 FY3
(Amount in €) (Amount in €) (Amount in €)
Total Debt (Long-term + short-term) 8,000 6,000 5,600
Total Equity 15,000 15,000 16,000
Which of the following conclusions can be drawn on the basis of the data presented in the table above?
(NOTE: Total equity is the same as "total shareholder's fund" or "shareholder's equity")
A. The debt-to-equity ratio of the company has increased over the years.
B. The debt-to-equity ratio of the company has decreased over the years.
C. The debt-to-equity ratio of the company has been constant over the years.
D. There is insufficient information to calculate the debt-to-equity ratio.