Fred's Car Repair Service
Selected Data from the Financial

Fred's Car Repair Service
Selected data from the financial statements of Fred's Car Repair Service are provided below.
$\begin{array}{lcc}&2012&2011\\\text { Total stockholders' equity } & \$ 350,000 & \$ 265,000 \\\text { Current liabilities } & 75,000 & 72,000 \\\text { Total liabilities \& stockholders' equity } & 600,000 & 590,000 \\\text { Cash flow from operations } & 250,000 & 190,000 \\\text { Net sales } & 570,000 & 560,000 \\\text { Capital expenditures } & 110,000 & 60,000\end{array}$
-Refer to the selected data provided for Fred's Car Repair Service. Which of the following would result from a horizontal analysis of Fred's total stockholders' equity in 2012?

A) Total stockholders' equity is 45.0% of total liabilities and stockholders' equity in 2012.
B) Total stockholders' equity increased $85,000 or 32.08% during 2012.
C) Total stockholders' equity is 50.0% of total assets in 2012.
D) Total liabilities & stockholders' equity increased by $85,000 in 2012.