Question: QUESTION 12 When performing vertical analysis, the base amount for administrative expense is generally O administrative expense in a previous year. O net sales. O

QUESTION 12 When performing vertical analysis, the base amount for administrative expense is generally O administrative expense in a previous year. O net sales. O gross profit fixed assets. QUESTION 13 The relationship between current assets and current liabilities is important in evaluating a company's O profitability O liquidity O market value accounting cycle QUESTION 14 The current assets of Ott Company are $180,000. The current liabilities are $120,000. The current ratio expressed as a proportion is 150% 0 151 0.67:1 5180 000 - 5120.000

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