Extracted text: Multiple Choice Problems: (For numbers 1 to 5) The financial statements of Merdana Trading Ltd. are given below: 2014 2013 2014 2013 Cash and Cash Equivalents 12,250 10,470 Total Assets 128,980 113,110 Receivables 9,065 8,055 Inventory 6,620 5,300 Total current liabilities 36,150 42,335 Prepaid Expenses 8,545 10,600 Long-term Liabilities 23,990 18,960 Total Curent Assets 36,480 34,425 Mercedes Aldana, Capital 68,840 51,815 Other Assets 92,500 78,685 Total Liabilities and Equity 128,980 113,110 2014 Sales 104,705 Cost of Sales 32,275 Gross Profit 69,430 Selling Expenses 35,325 Administrative Expenses 12,815 Operating Income 21,290 Interest Expense 1,050 Net Income 20,240 1. Trend analysis will show which of the following? a) 15% increase in Current Liabilities. b) 33% increase in Owner's Capital. c) 19% increase in Long Term Liabilities d) All of the above