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Presented below is selected data from the financial statements of Trend, Inc. for the current and prior year. 12/31/20X2 12/31/20X1 Current assets $330,000 $220,000 Total
Presented below is selected data from the financial statements of Trend, Inc. for the current and prior year. 12/31/20X2 12/31/20X1 Current assets $330,000 $220,000 Total assets $2,300,000 $1,950,000 Current liabilities $195,000 $180,000 Total liabilities $1,190,000 $1,180,000 Total stockholders' equity $1,110,000 $770,000 Net sales $5,200,000 $3,900,000 Cost of Goods Sold $3,800,000 $2,690,000 Wages expense $953,000 $869,000 Supplies expense $60,000 $50,000 Depreciation expense $35,000 $32,000 Interest expense $12,000 $9,000 Net income $340,000 $250,000 A Vertical analysis of the data would show (select all that apply): A The current ratio for 20X1 is 1.22 B Current assets in 20X2 are 14.35% of total assets. The current ratio for 20X1 is 1.22 D. Total liabilities were 51.74% of total assets in 20x2
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