Max's Tire Center Company

question 49

Multiple Choice

Max's Tire Center Company
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) Fixed assets increased by $12,000 or 8.7% during 2012.
• B) Fixed assets increased by $12,000 or 7.8% during 2012.
• C) Fixed assets is 30.0% of total assets in 2012.
• D) The total assets is $500,000 in 2012.

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