The Following Is a Summary of Information Presented on the Financial

question 84

Multiple Choice

The following is a summary of information presented on the financial statements of The Cake Company on December 31, 2014. What would a horizontal analysis report with respect to current liabilities?

• A)That current liabilities are 38.46% of total capital
• B)A 50.00% increase in current liabilities
• C)A current ratio of .87
• D)A 33.33% increase in current liabilities

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Definitions:

Career

The pursuit of successive, often related jobs over time in a particular field or industry, often marked by advancements or changes in roles.

Candy Pieces

Small items of confectionery or sweet food products.

Chocolate

A sweet, typically brown food preparation of roasted and ground cacao seeds, often flavored, and consumed as candy or used as flavoring.

Butterscotch

A type of confectionery made primarily of brown sugar and butter, often used as a flavoring in desserts.