Northern Corporation reported the following financial statements: (Click the icon to view the financial statements.) Vertical analysis of Northern's balance sheet for 2025 would report O A. Cash as 7.99% of total assets. B. a 27% increase in Cash. C. a current ratio of 0.97. D. inventory turnover of 4 times. Financial Statements Northern Corporation Comparative Balance Sheet December 31, 2025 and 2024 2025 2024 Assets . Current Assets: 2,044 $ 1,609 Cash and Cash Equivalents Print Done Assets Current Assets: Cash and Cash Equivalents $ 2,044 $ 1,609 Accounts Receivable 2,005 1,808 Merchandise Inventory 1,326 1,611 1,028 1,905 Prepaid Expenses Total Current Assets 6,986 6,350 ut ana Total Current Assets 6,986 6,350 16,049 18,611 Other Assets $ 25,597 $ 22,399 Total Assets Liabilities Current Liabilities $ 7,173 $ 4,839 8,345 3,104 Long-term Liabilities Total Liabilities 12,012 11,449 Stockholders' Equity Common Stock, no par 6,585 4,450 6,500 Retained Earnings 7,000 13,585 10,950 Total Stockholders' Equity Total Liabilities and Stockholders' Equity $ 25,597 $ 22,399 Northern Corporation Income Statement Year Ended December 31, 2025 Net Sales Revenue $ 20,977 4,708 Cost of Goods Sold Gross Profit 16,269 7,019 Operating Expenses Gross Profit 16,269 7,019 Operating Expenses Operating Income 9,250 177 Interest Expense Income Before Income Taxes 9,073 2,535 Income Tax Expense $ 6,538 Net Income