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Consider the balance sheet below for the next question. TABLE 3.1 PRUFROCK CORPORATION Balance Sheets as of December 31, 2015 and 2016 ($ In millions)
Consider the balance sheet below for the next question. TABLE 3.1 PRUFROCK CORPORATION Balance Sheets as of December 31, 2015 and 2016 ($ In millions) 2015 2016 $ 84 165 393 $ 642 $ 98 188 422 $ 708 $2.731 $3,373 $2,880 $3,588 Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Llabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and pald-in surplus Retained earnings Total Total llabilities and owners' equity $ 312 231 $ 543 $ 531 $ 344 196 $ 540 $ 457 $ 500 1.799 $2,299 $3,373 $ 550 2,041 $2,591 $3,588 By implementing percent-change analysis to accounts payable, the growth rate from 2015 to 2016 was A) 4.974% B) 21.597% C) 13.672% D) 15.942% E) 10.256%
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