dart corporation's leverage ratio increased from 2.5 in 2020 to 3.0 in 2021. without looking at the financial statements, which statement best describes what may have occurred?
a. The company incurred new equity financing in 2018, but it may or may not have been
more profitable.
b. The company incurred new debt financing in 2018, making it more profitable.
c. The company incurred new debt financing in 2018, but it may or may not have been
more profitable.
d. The company incurred new equity financing in 2018, making it less profitable.