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The Nichols Corporation data for the current year: Prior year Account Current assets AR Mdse. Invertory Current liabilities Long-term liabilities Common stock (5,000 shares) Retained

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The Nichols Corporation data for the current year: Prior year Account Current assets AR Mdse. Invertory Current liabilities Long-term liabilities Common stock (5,000 shares) Retained eamings Net sales revenue COGS Gross Profit Selling/General expenses Net income before taxes Income tax expense Net Income Current year $75,600 $59,400 $51,200 $71,500 $36,000 $47,460 $31,240 $607,700 $469,700 $138,000 $49,080 $88,920 $20,520 $68,400 $60,000 $44,000 $40,000 $55,000 $30,000 $42,000 $17,000 $515,000 $385,000 $130,000 $52,000 $78,000 $18,000 $60,000 What would a vertical analysis report for long term liabilities, for the current year? O 19.3% 16.1% 20.0% 38.3%

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