Multiple Choice
If the assets shown on a balance sheet are subjected to vertical analysis (using total assets as the base) , an increase in the figure for current assets from 56% to 60% would always mean that:
A) the dollar amount of noncurrent assets has increased.
B) the dollar amount of total assets has increased.
C) total current assets have increased as a percentage of total assets.
D) the dollar amount of current assets has increased.
Correct Answer:

Verified
Correct Answer:
Verified
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