Zabar Inc. has the following information available for 2011 and 2012: Converting the 2012 column into a common-size statement would show current liabilities as being:
A) 26.26 percent of 2012 total liabilities.
B) 33.33 percent lower than 2011 current liabilities.
C) 23.53 percent of total stockholders' equity.
D) 13.79 percent of total liabilities and stockholders' equity.

Question

Zabar Inc. has the following information available for 2011 and 2012:  Converting the 2012 column into a common-size statement would show current liabilities as being:
A) 26.26 percent of 2012 total liabilities. 
B) 33.33 percent lower than 2011 current liabilities. 
C) 23.53 percent of total stockholders' equity. 
D) 13.79 percent of total liabilities and stockholders' equity.

Quizplus · Accepted Answer

The Answer of Zabar Inc. has the following information available for 2011 and 2012:  Converting the 2012 column into a common-size statement would show current liabilities as being:
A) 26.26 percent of 2012 total liabilities. 
B) 33.33 percent lower than 2011 current liabilities. 
C) 23.53 percent of total stockholders' equity. 
D) 13.79 percent of total liabilities and stockholders' equity.

Zabar Inc Has the Following Information Available for 2011 and 2012