In the vertical analysis of a statement of financial position, the base for current liabilities is total liabilities.

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In the vertical analysis of a statement of financial position (balance sheet), the base for current liabilities is total assets, not total liabilities. This method compares each line item to a base item within the same financial statement, and for the balance sheet, total assets are often used as the base for all items.

In the Vertical Analysis of a Statement of Financial Position