Max's Tire Center Company

question 97

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 cash and cash equivalents in 2012?

• A) Cash and cash equivalents increased by $16,000 or 15.80% during 2012.
• B) Cash and cash equivalents increased by $16,000 or 15.38% during 2012.
• C) Cash and cash equivalents are 8.57% of total assets in 2012.
• D) The free cash flow is $35,000 in 2012.

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