Please refer to the vertical analysis of a section of a balance sheet,shown below: Which of the following statements accurately describes the 13.9% shown for Inventory in 2017?
A) In 2017,inventory grew 13.9% over the previous year.
B) In 2017,inventory was equal to 13.9% of the cash balance.
C) Inventory declined as a percentage of total assets over the two year period.
D) In 2017,inventory is equal to 13.9% of total assets.
Correct Answer:
Verified
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