Question $5[5$ marks$]$

Consider a company$$s financial statements for three fiscal years:

FY $2071$ FY $2070$ FY $2069$

Assets:

Current assets $65,00046,50080,000$

Plant & equipment, net $600,000420,000410,000$

Intangible assets, net $15,00036,50050,000$

Total assets $$680,000$ $$503,000$ $$540,000$

Liabilities & equity:

Current liabilities $70,00025,00033,500$

Long$-$term liabilities $420,000290,000400,000$

Stockholders$$ equity $190,000188,000106,500$

Total liabilities & equity $$680,000$ $$503,000$ $$540,000$

Which of the following statements is correct? Choose only one.

a$)$ The year$-$over$-$year $\%$ change in net plant and equipment was $48\%$ during fiscal year $2070.$

b$)$ In a common$-$size balance sheet, the firm$$s current assets would be reported as $34\mathrm{.}2\%$ in fiscal year $2071.$

c$)$ The compound annual growth rate $($CAGR$)$ for the firm$$s total assets over two years between $2069$ and $2071$ is $25\mathrm{.}9\%.$

d$)$ In a common$-$size balance sheet, the firm$$s long$-$term liabilities are in a monotonically increasing trend over two years from $2069$ to $2071.$

e$)$ NONE of the above