The Bristol Corporation Data for the Current Year and Prior

question 117

Multiple Choice

The Bristol Corporation data for the current year and prior year is as follows: With respect to selling/general expenses, what would a horizontal analysis report?

• A)The current ratio is 0.44.
• B)There was a 4.28% increase from prior to current year.
• C)There was a 4.28% decrease from prior to current year.
• D)Selling/general expenses are 108.27% of net sales revenue.

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Definitions:

Principal

The primary party to a transaction, agreement, or contract, or the amount of money on which interest is paid or received.

Manifestations

Expressions or signs that something, especially a disease or a condition, is present.

Third Party

An individual or group besides the two primarily involved in a situation or transaction, often providing additional services or acting as an intermediary.

Authorized

Officially given permission or power to do something.