An analyst gathers the following information (in $ millions) about a company:
| | Year 2 | Year 1 |
|----------------|--------|--------|
| Total assets | 90 | 100 |
| Total liabilities | 36 | 40 |
| Total net assets | 54 | 60 |
Using vertical common-size balance sheet analysis, the company's total liabilities in Year 2 are closest to: | Chartered Financial Analyst Level 1 Quiz - LeetQuiz
Chartered Financial Analyst Level 1
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An analyst gathers the following information (in $ millions) about a company:
Year 2
Year 1
Total assets
90
100
Total liabilities
36
40
Total net assets
54
60
Using vertical common-size balance sheet analysis, the company's total liabilities in Year 2 are closest to:
