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The Nichols Corporation data for the current year: Account Current aspets AR Mdse Inventory Current liabilities Long-term bab
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Answer #1

Answer-Vertical analysis report for long term liabilities for the current year:-

Long-term liabilities/ Current liabilities + long-term liabilities + Common stock + Retained earnings

= $36,000 / $71,500+ $36,000+ $47,460+ $31,240

=$36,000/ $186,200

=19.3 %

Hence, the correct option is a-19.3%

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