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Max's Tire Center Company

Question 61

Multiple Choice

Max's Tire Center Company
Selected data from the financial statements of Max's Tire Center are provided below.
Max's Tire Center Company Selected data from the financial statements of Max's Tire Center are provided below. - Refer to the selected data provided for Max's Tire Center. Which of the following would result from a vertical analysis of Max's cash and cash equivalent in 2012? A) Cash and cash equivalents increased by $16,000 or 15.38% during 2012. B) The free cash flow is $35,000 in 2012. C) Cash and cash equivalents are 20.0% of total assets in 2012. D) Cash and cash equivalents are 8.57% of total assets in 2012.
- Refer to the selected data provided for Max's Tire Center. Which of the following would result from a vertical analysis of Max's cash and cash equivalent in 2012?


A) Cash and cash equivalents increased by $16,000 or 15.38% during 2012.
B) The free cash flow is $35,000 in 2012.
C) Cash and cash equivalents are 20.0% of total assets in 2012.
D) Cash and cash equivalents are 8.57% of total assets in 2012.

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