Please refer to the vertical analysis of a section of a balance sheet, shown below:
Which of the following statements accurately describes the data shown for total current assets?
A) Current assets grew as a percentage of total assets over the 2-year period.
B) Current assets are equal to 23.2% of net sales in 2014.
C) In 2014, current assets grew by 23.2% compared to 2013.
D) In 2014, current assets as a percentage of total assets declined over the previous year.
Correct Answer:
Verified
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