If the Assets Shown on a Balance Sheet Are Subjected

question 70

Multiple Choice

If the assets shown on a balance sheet are subjected to vertical analysis (using total assets as the base) , an increase in the figure for current assets from 56% to 60% would always mean that:

• A) the dollar amount of noncurrent assets has increased.
• B) the dollar amount of total assets has increased.
• C) total current assets have increased as a percentage of total assets.
• D) the dollar amount of current assets has increased.

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