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.
Correct Answer:
Verified
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