A corporation reported cash of $27,800, total assets of $465,000, and total equity of $159,365 on...
A corporation reported cash of $27,800, total assets of $465,000, and total equity of $159,365 on its balance sheet. Its common-size percent for cash equals:
Multiple Choice
1673%.
59.80%.
100.00%.
16.73%.
5.98%.
Homework Answers
common-size percent for cash =Cash/Total assets
=(27800/465,000)
which is equal to
=5.98%(Approx).
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A corporation reported cash of $27,800, total assets of
$465,000, and total equity of $159,365 on...
A corporation reported cash of $27,800, total assets of $465,000, and total equity of $159,365 on...
A corporation reported cash of $27,800, total assets of $465,000, and total equity of $159,365 on its balance sheet. Its common-size percent for cash equals: Multiple Choice ο 16.73%. ο 59.80%. ο 100.00%. ο 5.98%. ο 1673%.
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