A corporation reported cash of $14,000 and total assets of $178,300 on its balance sheet. Its common-size percent for cash equals:
A) 12.73%.
B) 7.85%.
C) .0785%.
D) 7850%.
E) 1273%.

Question

Quizplus · Accepted Answer

The common-size percent for cash is calculated by dividing the cash amount by the total assets and then multiplying by 100. So, ($14,000 / $178,300) * 100 = 7.85%.

A Corporation Reported Cash of $14,000 and Total Assets of $178,300