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:

Liability

Refers to the state of being legally responsible for something, typically in the context of debts or legal wrongs.

Express Permission

Explicit authorization or consent given by a party to another to perform an action or use property or information.

Lakeside Property

Real estate located adjacent to or near a lake, often valued for its picturesque views and recreational opportunities.

Reimbursement

The act of compensating someone for expenses they have incurred.