A corporation reported cash of $27,800, total assets of $465,000, and total equity of $159,365 on...

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A corporation reported cash of $27,800, total assets of $465,000, and total equity of $159,365 on its balance sheet. Its comm

business accounting

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Answer 1

Answer #1

Common size percent for cash = (Cash / total assets) *100

= ($27,800 / $465,000) * 100

= 5.98%

5.98 % is the correct answer.

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Answer 2

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