Amy Wants to Know If Inventory Is Increasing as a Percentage

question 110

Multiple Choice

Amy wants to know if inventory is increasing as a percentage of total assets.Which one of these statements most easily provides the information she is seeking?

• A)statement of cash flows
• B)balance sheet
• C)common-size balance sheet
• D)income statement

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Definitions:

The Future

An undefined period of time that has yet to occur, often considered in terms of the potential for positive or negative events.

Alcoholism

A chronic disease characterized by uncontrolled drinking and a preoccupation with alcohol.

Indirectly Affected

To be impacted by an action, event, or situation in a secondary or less immediate way.

Communication

The act of conveying information or expressing ideas and feelings through verbal, nonverbal, written, or visual means.