Brink Moving Company reported the following amounts on its balance sheet as of December 31, 2016 and December 31, 2017:

                                                               2017             2016
Cash and Receivables                          $165,000      $65,000
Merchandise Inventory                        195,000       160,000
Property, Plant and Equipment, net 810,000        760,000
Total Assets                                     $1,170,000      $985,000
Total Liabilities                                  $485,000        $405,000

For the vertical analysis, what is the percentage of current assets as of December 31, 2017? (Round your answer to two decimal places.)

A) 30.77%

B) 22.84%

C) 29.61%

D) 44.44% 

Answer rating: 100% (QA)

2017 2016 cash and receivables 1650000 65000 i... View the full answer