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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%.
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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%.

User Sachy
by
5.4k points

1 Answer

3 votes

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%

User Olliej
by
5.5k points
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