The McCumber Corporation Data for the Current Year

question 4

Multiple Choice

The McCumber Corporation data for the current year:

With respect to current liabilities,what would a horizontal analysis report?

• A)The current ratio is 0.92.
• B)Current liabilities are 13.35% of total capital.
• C)Current liabilities saw a 50% increase from the prior year to the current year.
• D)Current liabilities saw a 66.67% increase from the prior year to the current year.

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