The Following Is Summary of Information Presented on the Financial

question 63

Multiple Choice

The following is summary of information presented on the financial statements of a company on December 31,2019. With respect to current liabilities,a horizontal analysis reveals ________.(Round your answer to two decimal places. )

• A)that current liabilities are 38.05% of total equity
• B)a 65.96% increase in current liabilities
• C)a current ratio of 0.90
• D)a 39.74% increase in current liabilities

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Definitions:

Mismatch

A situation where there is a lack of alignment or compatibility between two or more elements.

Outplacement

A service provided by companies or government agencies that helps former employees transition to new jobs or careers.

Transfer

The process of moving employees, resources, or assets from one position, location, or job to another within an organization.

Voluntary Early Retirement

An option offered by employers allowing employees to retire earlier than the traditional retirement age, often with specific benefits.