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7. Please refer to the vertical analysis of a section of a balance sheet, shown...

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Accounting

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7. Please refer to the vertical analysis of a section of a balance sheet, shown below (Dollar amounts in millions) 2014 2013 Amount % of Total Amount % of Total Assets Current assets: $ 10,000 15,600 38,000 63,600 195,000 15,000 $273,600 $ 7,200 16,800 31,000 55,000 168,000 27,100 $250,100 3.7% Cash 2.9% Accounts receivable, net 5.7% 6.7% 13.9% 12.4% Inventory 22.0% 23.2% Total current assets 67.2% 10.8% Property, plant and equipment, net Other long-term assets Total assets 71.3 % 5.5% 100.0% 100.0% Which of the following statements is valid regarding the data shown above? A. In 2014, Inventory represented 13.9% of net sales revenues. B. Property, plant and equipment grew as a percentage of total assets over the 2-year period. C. Cash grew 3.7% over the previous year balance. D. Other long-term assets dropped 5.5% over the 2-year period

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