From 2009 through 2012 the proportion of total liabilities


Question: From 2009 through 2012, the proportion of total liabilities declined while the proportion of shareholders' equity increased. What are the likely explanations for these changes?

Wahlen, James M.; Baginski, Stephen P.; Bradshaw, Mark. Financial Reporting, Financial Statement Analysis and Valuation (Page 78). South-Western College Pub. 8th edition

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Finance Basics: From 2009 through 2012 the proportion of total liabilities
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