Step 1: Recall the approximate chemical composition of a living cell.
Water forms the major portion of cellular mass.
Among the dry constituents, proteins are present in the highest amount, followed by nucleic acids, carbohydrates and lipids.
\[
\boxed{
\mathrm{H_2O>Proteins>Nucleic\ acids>CHO>Lipids}
}
\]
Step 2: Choose the correct descending order.
Therefore, the correct option is
\[
\boxed{(C).}
\]