Oglethorpe Company reports the following information from the vertical analysis of their balance sheet:
Which of the following statements could be logically concluded from the above data?
A) The company's current ratio declined.
B) The company's current assets declined in proportion to its total assets.
C) The company's ability to pay current liabilities declined.
D) The company's total current assets declined by 0.4%.
Correct Answer:
Verified
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