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Please Refer to the Partial Balance Sheet Data Provided Below

Question 53

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Please refer to the partial balance sheet data provided below: Please refer to the partial balance sheet data provided below:   Which of the following accurately describes the 3.6% figure shown for total current liabilities in 2014? A) In 2014, total current liabilities increased as a percentage of total liabilities and stockholders' equity over the prior year. B) In 2014, total current liabilities was equal to 3.6% of total liabilities. C) In 2014, total current liabilities was equal to 3.6% of total liabilities and stockholders' equity. D) In 2014, total current liabilities decreased as a percentage of net sales revenue. Which of the following accurately describes the 3.6% figure shown for total current liabilities in 2014?


A) In 2014, total current liabilities increased as a percentage of total liabilities and stockholders' equity over the prior year.
B) In 2014, total current liabilities was equal to 3.6% of total liabilities.
C) In 2014, total current liabilities was equal to 3.6% of total liabilities and stockholders' equity.
D) In 2014, total current liabilities decreased as a percentage of net sales revenue.

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