Allstate Moving Company Reported the Following Amounts on Its Balance

question 116

Multiple Choice

Allstate Moving Company reported the following amounts on its balance sheet as of December 31, 2019 and December 31, 2018: $$\begin{array} { | l | r | r | } \hline & { 2019 } & { 2018 } \\\hline \text { Cash and Receivables } & \$ 75,000 & \$ 145,000 \\\hline \text { Merchandise Inventory } & 175,000 & 250,000 \\\hline \text { Property, Plant and Equipment, net } & 820,000 & 710,000 \\\hline \text { Total Assets } & \$ 1,070,000 & \$ 1,105,000 \\\hline \text { Total Liabilities } & \$ 455,000 & \$ 405,000 \\\hline\end{array}$$ For the vertical analysis, what is the percentage of current assets as of December 31, 2019? (Round your answer to two decimal places.)

• A) 23.36%
• B) 35.75%
• C) 55.63%
• D) 30.49%

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Definitions:

Medial Preoptic Area

A region of the hypothalamus involved in regulating behaviors such as mating, thermoregulation, and hormone secretion.

Obestatin

A hormone produced by the stomach, associated with reducing appetite and potentially playing a role in energy balance.

Leptin

A hormone produced by adipose (fat) cells that regulates energy balance by inhibiting hunger.

Drinking

The act of consuming liquids; in many contexts, it specifically refers to the consumption of alcoholic beverages.