Oglethorpe Company Reports the Following Information from the Vertical Analysis $23.5 \%$

question 16

Multiple Choice

Oglethorpe Company reports the following information from the vertical analysis of its balance sheet: Current assets:
$23.5 \%$ in 2017
$23.9 \%$ in 2018 Which of the following statements could be logically concluded from the above data?

• A) The company's current ratio declined.
• B) The company's current assets declined in proportion to its total assets.
• C) The company's ability to pay current liabilities declined.
• D) The company's total current assets declined by 0.4%.

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Definitions:

Lobotomy Procedure

A medical procedure that entails cutting the connections in the prefrontal region of the brain, once commonly performed to manage mental disorders.

Egas Moniz

A Portuguese neurologist best known for pioneering the prefrontal lobotomy as a treatment for mental disorders, and awarded the Nobel Prize in Physiology or Medicine in 1949.

Mental Asylum

Historically, an institution providing care and treatment to individuals with mental illness, now more commonly referred to as psychiatric hospitals.

Egypt

A country in northeastern Africa known for its ancient civilization, pyramids, and the Nile River, with a rich historical and cultural heritage.