The McCumber Corporation data for the current year:

With respect to current assets,what would a horizontal analysis report?
A)Inventory turnover of 9.34 times
B)Current ratio of 0.92
C)Current assets as 40.79% of total assets
D)A 27.00% increase in current assets

Question

The McCumber Corporation data for the current year:

With respect to current assets,what would a horizontal analysis report?
A)Inventory turnover of 9.34 times 
B)Current ratio of 0.92 
C)Current assets as 40.79% of total assets 
D)A 27.00% increase in current assets

Quizplus · Accepted Answer

D)
Current assets - Prior $60,000
Current 76,200
Increase 16,200/60,000 = 27%

The McCumber Corporation Data for the Current Year