Using the vertical analysis percentages calculated for the balance sheet, identify which major category of liabilities (short- versus long-term) is the highest % of total assets in the older (or prior) year. Short-term or current liabilities are those due in less than 12 months. Long-term or noncurrent liabilities are those due in more than 12 months. Question 2Answer a. Current Liabilities b. Long-Term Liabilities