Modern Moving Company Reported the Following Amounts on Its Balance

question 70

Multiple Choice

Modern Moving Company reported the following amounts on its balance sheet as of December 31, 2019 and December 31, 2018: $$\begin{array} { | l | r | r | } \hline & { 2019 } & { 2018 } \\\hline \text { Cash and Receivables } & \$ 175,000 & \$ 135,000 \\\hline \text { Merchandise Inventory } & 235,000 & 170,000 \\\hline \text { Property, Plant and Equipment, net } & 780,000 & 790,000 \\\hline \text { Total Assets } & \$ 1,190,000 & \$ 1,095,000 \\\hline \text { Total Liabilities } & \$ 485,000 & \$ 445,000 \\\hline\end{array}$$ For the vertical analysis, what is the percentage of stockholders' equity as of December 31, 2019? (Round your answer to two decimal places.)

• A) 100.00%
• B) 59.36%
• C) 59.24%
• D) There is not enough information provided to make this computation.

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Definitions:

High-Risk

Situations or decisions characterized by a high possibility of loss, failure, or negative outcomes, requiring careful assessment and management.

Influence Tactics

Strategies or actions used by individuals or groups to persuade or direct the behavior or decision-making of others towards a desired outcome.

Ethical and Honest

Behaviors and practices that are morally right, characterized by fairness, transparency, and integrity.

Neutral

Not favoring any side in a conflict, competition, or comparison; impartial.