Jackson Storage Company reported the following amounts on its balance sheet as of December 31, 2025 and December 31, 2024:

	2025	2024
Cash and Receivables	$ 50,000	$ 115,000
Merchandise Inventory	150,000	130,000
Property, Plant and Equipment, net	800,000	770,000
Total Assets	2,080,000	2,125,000
Total Liabilities	540,000	450,000

For the vertical analysis, what is the percentage of total liabilities for December 31, 2024? (Round your answer to two decimal places.)

A.

67.5%

B.

21.18%

C.

58.44%

D.

25.96%

Different ratios explain different aspects of a company.

True

False