Please Refer to the Partial Balance Sheet Data Provided Below

question 6

Multiple Choice

Please refer to the partial balance sheet data provided below: Which of the following accurately describes the 3.6% figure shown for total current liabilities in 2014?

• A)In 2014, total current liabilities increased as a percentage of total liabilities and stockholders' equity over the prior year.
• B)In 2014, total current liabilities was equal to 3.6% of total liabilities.
• C)In 2014, total current liabilities was equal to 3.6% of total liabilities and stockholders' equity.
• D)In 2014, total current liabilities decreased as a percentage of net sales revenue.

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Definitions:

Stanine

A method of scaling test scores on a nine-point standard scale with a mean of five and a standard deviation of approximately two, used to simplify the interpretation of test results.

Normal Curve

A bell-shaped curve that represents the distribution of a set of data where most occurrences take place in the middle of the range.

Standard Deviation

A statistical measurement that quantifies the dispersion or spread of a set of data points around the mean.

Raw Scores

A raw score is the initial, unadjusted score obtained directly from the number of questions answered correctly on a test or assessment.