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Neptune Ltd

Question 23

Multiple Choice

Neptune Ltd. has the following information available for 2011 and 2012: Neptune Ltd. has the following information available for 2011 and 2012: Converting the 2012 column into a common-size statement would show current assets as being: A) 60 percent higher than 2011 current assets. B) 67 percent of 2012 total assets. C) 71 percent of 2011 total assets. D) 50 percent higher than 2012 long-term assets. Converting the 2012 column into a common-size statement would show current assets as being:


A) 60 percent higher than 2011 current assets.
B) 67 percent of 2012 total assets.
C) 71 percent of 2011 total assets.
D) 50 percent higher than 2012 long-term assets.

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