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

Question

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

Quizplus · Accepted Answer

The Answer of 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

The Following Is Summary of Information Presented on the Financial