Please refer to the vertical analysis of a section of a balance sheet, shown below:
-Which of the following statements is valid regarding the data shown above?
A) Cash grew 3.7% over the previous year balance.
B) In 2014, Inventory represented 13.9% of net sales revenues.
C) Other long-term assets dropped 5.5% over the 2-year period.
D) Property, plant and equipment grew as a percentage of total assets over the 2-year period.
Correct Answer:
Verified
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