The Nichols Corporation data for the current year:
Account
Current assets
A/R
Mdse. Inventory
Current liabilities
Long-term liabilities
Common stock (5,000 shares)
Retained earnings
Net sales revenue
COGS
Gross Profit
Selling/General expenses
Net income before taxes
Income tax expense
Net Income
Current year
Prior year
$75,600
$60,000
$59,400
$44,000
$51,200
$40,000
$71,500
$55,000
$36,000
$30,000
$47,460
$42,000
$31,240
$17,000
$607,700
$515,000
$469,700
$385,000
$138,000
$130,000
$49,080
$52,000
$88,920
$78,000
$20,520
$18,000
$68,400
$60,000
What would a vertical analysis report for long term liabilities, for the current year?
19.3%
16.1%
20.0%
38.3%