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

question 115

Multiple Choice

Please refer to the vertical analysis of a section of a balance sheet, shown below: Which of the following statements accurately describes the data shown for total current assets?

• A)Current assets grew as a percentage of total assets over the 2-year period.
• B)Current assets are equal to 23.2% of net sales in 2014.
• C)In 2014, current assets grew by 23.2% compared to 2013.
• D)In 2014, current assets as a percentage of total assets declined over the previous year.

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Definitions:

Psychological

Psychological pertains to the mind or mental processes and how they influence behavior, emotions, and attitudes.

Behavioral

Relating to or concerned with the actions or activities of living organisms towards their environment.

Titchener

Edward Titchener, an early psychologist known for developing structuralism, which aimed to understand the structure of the mind through introspection.

Structure of Mind

A theoretical framework describing the mind's organization, often discussed in terms of different components such as the conscious, unconscious, and preconscious.