Please Refer to the Partial Balance Sheet Data Provided Below

question 45

Multiple Choice

Please refer to the partial balance sheet data provided below:

Which of the following would be a valid conclusion from the above data?

• A) Shareholders' equity, as a percentage of total liabilities and shareholders' equity, declined over a two year period.
• B) Shareholders' equity declined to 76.6% of net sales in 2017.
• C) Shareholders' equity was up 76.6% over a two year period.
• D) Shareholders' equity was equal to 76.6% of total liabilities in 2017.

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