Please Refer to the Vertical Analysis of a Section of a Balance

question 135

Multiple Choice

Please refer to the vertical analysis of a section of a balance sheet, shown below: Which of the following statements is valid regarding the data shown above?

• A)Cash grew 3.7% over the previous year balance.
• B)In 2014, Inventory represented 13.9% of net sales revenues.
• C)Other long-term assets dropped 5.5% over the 2-year period.
• D)Property, plant and equipment grew as a percentage of total assets over the 2-year period.

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Definitions:

Social Intelligence

The skill of comprehending and handling the nuances and interactions within personal connections efficiently.

Leadership Requirements

The essential skills, qualities, and competencies that an individual must possess to be effective in leadership roles.

Need for Power

A psychological drive that affects an individual's behavior in seeking positions or situations where they can exert control or influence over others.

Empower Others

The act of delegating power and responsibilities to subordinates or team members, enabling them to take initiative and make decisions.