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Quiz: Quiz 2 This Question: 1 pt 5 of 5 (2 complete) The following is summary of information presented on the financial statements of
Quiz: Quiz 2 This Question: 1 pt 5 of 5 (2 complete) The following is summary of information presented on the financial statements of a company on December 31, 2025. Account Current Assets Accounts Receivable Merchandise Inventory Current Liabilities Long-term Liabilities Common Stock Retained Earnings Net Sales Revenue Cost of Goods Sold OA. a 46.94% increase in current liabilities OB. a 31.94% increase in current liabilities OC. that current liabilities are 36% of total equity OD. a current ratio of 0.92 2025 2024 $66,000 $54,000 81,000 76,000 53,000 45,000 72,000 49,000 34,000 54,000 50,000 43,000 44,000 29,000 $527,000 $500,000 400,000 395,000
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