Oglethorpe Company Reports the Following Information from the Vertical Analysis

question 45

Multiple Choice

Oglethorpe Company reports the following information from the vertical analysis of their balance sheet: Current assets:
23.5 % in 2017
23.9% in 2016
Which of the following statements could be logically concluded from the above data?

• A)The company's ability to pay current liabilities declined.
• B)The company's current ratio declined.
• C)The company's total current assets declined by 0.4%.
• D)The company's current assets declined in proportion to its total assets.

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