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The following is a summary of information presented on the financial statements of a company...

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The following is a summary of information presented on the financial statements of a company on December 31, 2019. Question 78 Not yet answered Points out of 100 Remove flag Account 2019 2018 Current Assets $88,000 $80,000 Accounts Receivable 94,000 67,000 Merchandise Inventory 6 2,000 58,000 Current Liabilities 56,00049,000 Long-term Liabilities 44,000|53,000 Common Stock 76,000 57,000 Retained Earnings 68,000 46,000 With respect to long-term liabilities, a horizontal analysis reveals Finish atte Select one: A long-term liabilities decreased by 33.33% B. long-term liabilities decreased by $7000 C. long-term liabilities decreased by $19.000 D. long-term liabilities decreased by 16.98% Question 79 NOT you answered The trend analysis report of Marswell, Inc. is given below (in millions 2015 2016 2017 2016 201 Net Income $6505602 5460 $403 $40 Trend percentages 162X150 115 1OO 100% Which of the following is a correct conclusion from the above analysis? points out of 100 pemove tog Select one A Not income for 2017 has decreased by 115% over that for 2015 B.Net income for 2017 has increased by 15 over that for 2015 C. Net income for 2017 has decreased by 150 over that for 2015 D. Net income for 2017 has increased by 115 over that for 2015

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