Please refer to the partial balance sheet data provided below:

Which of the following accurately describes the 3.6% figure shown for total current liabilities in 2017?
A) In 2017, total current liabilities decreased as a percentage of net sales revenue.
B) In 2017, total current liabilities was equal to 3.6% of total liabilities and shareholders' equity.
C) In 2017, total current liabilities was equal to 3.6% of total liabilities.
D) In 2017, total current liabilities increased as a percentage of total liabilities and shareholders' equity over the prior year.

Question

Please refer to the partial balance sheet data provided below:

Which of the following accurately describes the 3.6% figure shown for total current liabilities in 2017?
A) In 2017, total current liabilities decreased as a percentage of net sales revenue. 
B) In 2017, total current liabilities was equal to 3.6% of total liabilities and shareholders' equity. 
C) In 2017, total current liabilities was equal to 3.6% of total liabilities. 
D) In 2017, total current liabilities increased as a percentage of total liabilities and shareholders' equity over the prior year.

Quizplus · Accepted Answer

The Answer of Please refer to the partial balance sheet data provided below:

Which of the following accurately describes the 3.6% figure shown for total current liabilities in 2017?
A) In 2017, total current liabilities decreased as a percentage of net sales revenue. 
B) In 2017, total current liabilities was equal to 3.6% of total liabilities and shareholders' equity. 
C) In 2017, total current liabilities was equal to 3.6% of total liabilities. 
D) In 2017, total current liabilities increased as a percentage of total liabilities and shareholders' equity over the prior year.

Please Refer to the Partial Balance Sheet Data Provided Below