Reliable Moving Company Reported the Following Amounts on Its Balance

question 109

Multiple Choice

Reliable Moving Company reported the following amounts on its balance sheet as of December 31,2019 and December 31,2018: $$\begin{array} { | l | r | r | } \hline &{ 2019 } & { 2018 } \\\hline \text { Cash and Receivables } & \$ 135,000 & \$ 135,000 \\\hline \text { Merchandise Inventory } & 185,000 & 150,000 \\\hline \text { Property, Plant and Equipment, net } & 780,000 & 740,000 \\\hline \text { Total Assets } & \$ 1,100,000 & \$ 1,025,000 \\\hline \text { Total Liabilities } & \$ 435,000 & \$ 465,000 \\\hline\end{array}$$ For the vertical analysis,what is the percentage of total liabilities for December 31,2018? (Round your answer to two decimal places.)

• A) 100.00%
• B) 39.55%
• C) 29.03%
• D) 45.37%

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Definitions:

Receptor Sites

Specific locations on the surface of a cell membrane where molecules, such as hormones or neurotransmitters, bind to elicit a specific response.

Dopamine

A neurotransmitter involved in controlling the brain's reward and pleasure centers, also plays a key role in motivation and motor control.

Antianxiety Drugs

Medications used to treat and reduce symptoms of anxiety.

Central Nervous System

A network of nerve tissues responsible for regulating body functions, which includes both the brain and the spinal cord.