The Following Is Summary of Information Presented on the Financial

question 118

Multiple Choice

The following is summary of information presented on the financial statements of a company on December 31,2017.

With respect to current liabilities,a horizontal analysis reveals ________.(Round your answer to two decimal places. )

• A)that current liabilities are 37.98% of total equity
• B)a 38.60% increase in current liabilities
• C)a current ratio of 0.87
• D)a 27.85% increase in current liabilities

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Definitions:

Self-fulfilling Prophecy

A prediction that directly or indirectly causes itself to become true, due to positive feedback between belief and behavior.

Fundamental Attribution Error

The tendency to attribute others' behaviors to their character while underestimating the influence of situational factors.

Higher-status Individual

A person who holds a position of elevated rank, prestige, or social standing compared to others in a society or group.

Gender Management Strategy

Approaches and techniques used by individuals or organizations to navigate, address, or challenge gender roles and biases.