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total assets. In 2019, current assets were equal to 71% of total assets. What conclusion can be reached from this information? In 2019, the company is downsizing. In 2019, property, plant and equipment as a proportion of total assets increased. C. In 2019, the company is investing in the future. D. Band C.

total assets. In 2019, current assets were equal to 71% of total assets. What conclusion can be reached from this information? In 2019, the company is downsizing. In 2019, property, plant and equipment as a proportion of total assets increased. C. In 2019, the company is investing in the future. D. Band C.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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In 2018, the Zenon Company reported that property, plant and equipment were equal to 16% of total assets. In 2018, current assets were equal to 84% of total assets. In 2019, the company reported that property, plant and equipment were equal to 29% of total assets. In 2019, current assets were equal to 71% of total assets. What conclusion can be reached from this information? OA In 2019, the company is downsizing. OB. In 2019, property, plant and equipment as a proportion of total assets increased. OC. In 2019, the company is investing in the future. OD. Band C. Next MacBook Air esc 80 DII DO F1 FS F7 F9 F10 F11 F12 2# 2$ & 3 4 6 7 8. %3D delete Q W E R T Y U { tab A S F 11 caps lock H J K return C V M. shift ....
Transcribed Image Text:In 2018, the Zenon Company reported that property, plant and equipment were equal to 16% of total assets. In 2018, current assets were equal to 84% of total assets. In 2019, the company reported that property, plant and equipment were equal to 29% of total assets. In 2019, current assets were equal to 71% of total assets. What conclusion can be reached from this information? OA In 2019, the company is downsizing. OB. In 2019, property, plant and equipment as a proportion of total assets increased. OC. In 2019, the company is investing in the future. OD. Band C. Next MacBook Air esc 80 DII DO F1 FS F7 F9 F10 F11 F12 2# 2$ & 3 4 6 7 8. %3D delete Q W E R T Y U { tab A S F 11 caps lock H J K return C V M. shift ....
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