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Lasso Equipment Ltd. Statement of financial position As at December 31 (in '000$) 2020 2019 Current assets: Cash Total Debt to Equity Ratio Tota leabeches 150 320 shacholdes Equity 15 240 375 0 Tols Accounts receivable Inventory Total current assets Property, plant, and equipment: Tangible - plant and equipment Total assets .945 -5220 6165 2640 3655 320 90 70 480 Current liabilities: Accounts payable Income taxes payable Dividends payable Total current liabilities Long-term liabilities: Long-term loans Total liabilities Shareholders' equity: Common shares Reserves (AOCI) Retained earnings Total shareholders' equity Total liabilities and shareholders' equity 310 110 us 465 815 1280 2940 3420 2000 295 uso 2745 6165 2ooo 194 181 2375 3655 Assuming the average industry debt-to-equity ratio is 0.5, which of the following statements is true? OLEL's debt-to-equity ratio has strengthened in comparison to the prior year and is stronger than the industry average. LEL's debt-to-equity ratio has strengthened in comparison to the prior year and b) is weaker than the industry average. LEL's debt-to-equity ratio has weakened in comparison to the prior year and is stronger than the industry average. LEL's debt-to-equity ratio has weakened in comparison to the prior year and is weaker than the industry average. 3420 2745 1.25 1280 2375 0.53 nint)

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