The Following Is Summary of Information Presented on the Financial

question 121

Multiple Choice

The following is summary of information presented on the financial statements of a company on December 31, 2017. With respect to current liabilities, a horizontal analysis reveals ________. (Round your answer to two decimal places.)

• A) that current liabilities are 37.98% of total equity
• B) a 38.60% increase in current liabilities
• C) a current ratio of 0.87
• D) a 27.85% increase in current liabilities

---

Definitions:

Rule 702

A regulation in the Federal Rules of Evidence concerning the admissibility of expert witnesses' testimonies in United States courts.

Federal Rule Of Evidence

A set of regulations adopted by United States federal courts governing the admission and use of evidence in proceedings.

Disparagement

In tort law, any false statement made to others that questions the legal ownership or raises doubts as to the quality of merchandise.