A corporation reported cash of $14,700 and total assets of $179,000 on its balance sheet. Its common-size percent for cash equals: 14.34%. 8.21%. 12.18%. 20.55%. 6.21%.

Question

asked Jul 7, 2023 88.6k views

1 Answer

Olliej · Answer 1 · 2023-07-13T08:59:56+0000

Answer: 8.21%

Step-by-step explanation:

The common-size percent for cash is the cash reported divided by the total assets.

14,700/179,000= .0821

x 100 = 8.21%