Max's Tire Center

question 28

Multiple Choice

Max's Tire Center
Selected data from the financial statements of Max's Tire Center are provided below.

-Refer to the selected data provided for Max's Tire Center. Which of the following would result from a horizontal analysis of Max's balance sheet?

• A) Total liabilities increased 8.7% during 2012.
• B) Total liabilities increased 7.8% during 2012.
• C) Total liabilities is 30% of total assets in 2012.
• D) The total of liabilities & equity is $500,000 in 2012.

---

Definitions:

Profoundly Retarded

A term, considered outdated and offensive, used historically to describe individuals with severe intellectual disability.

Complex Poetry

A genre of poetry that incorporates various intricate elements such as elaborate language, complex themes, and intricate structural patterns.

Intellectual Disability

A generalized neurodevelopmental disorder characterized by significantly impaired intellectual and adaptive functioning.

Speech Skills

The abilities related to the production and comprehension of spoken language, including articulation, fluency, and voice modulation.