The Following Is a Summary of Information Presented on the Financial

question 50

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 assets?

• A)An inventory turnover of 8 times
• B)A 30% increase in current assets
• C)A current ratio of .87
• D)Current assets that are 33.33% of total assets

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