Allstate Moving Company Reported the Following Amounts on Its Balance

Multiple Choice

Allstate Moving Company reported the following amounts on its balance sheet as of December 31,2019 and December 31,2018: $$\begin{array} { | l | r | r | } \hline & { 2019 } & { 2018 } \\\hline \text { Cash and Receivables } & \$ 165,000 & \$ 75,000 \\\hline \text { Merchandise Inventory } & 175,000 & 250,000 \\\hline \text { Property, Plant and Equipment, net } & 820,000 & 780,000 \\\hline \text { Total Assets } & \$ 1,160,000 & \$ 1,105,000 \\\hline \text { Total Liabilities } & \$ 475,000 & \$ 385,000 \\\hline\end{array}$$ For the vertical analysis,what is the percentage of current assets as of December 31,2019? (Round your answer to two decimal places.)

A) 29.31%
B) 29.41%
C) 41.67%
D) 41.46%