Multiple Choice
Max's Tire Center Company
Selected data from the financial statements of Max's Tire Center are provided below.
-Refer to the selected data provided for Max's Tire Center. Which of the following would result from a vertical analysis of Max's balance sheet in 2012?
A) Fixed assets increased $12,000 or 7.14% during 2012.
B) Total assets is $500,000 in 2012.
C) Fixed assets is 27.6% of total assets in 2012.
D) Fixed assets is 30% of total assets in 2012.
Correct Answer:
Verified
Correct Answer:
Verified
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