The 2016 balance sheet of Leggett & Platt reports total assets of $2,984.1 million for 2016 and $2,963.7 million for 2015. The financial statements include the following footnote:
Accounts and other receivables at December 31 consisted of the following:
Determine the common-size amount for gross accounts receivable and interpret the year-over-year change in the ratio.

Question

The 2016 balance sheet of Leggett & Platt reports total assets of $2,984.1 million for 2016 and $2,963.7 million for 2015. The financial statements include the following footnote:
Accounts and other receivables at December 31 consisted of the following:
  Determine the common-size amount for gross accounts receivable and interpret the year-over-year change in the ratio.

Quizplus · Accepted Answer

The Answer of The 2016 balance sheet of Leggett & Platt reports total assets of $2,984.1 million for 2016 and $2,963.7 million for 2015. The financial statements include the following footnote:
Accounts and other receivables at December 31 consisted of the following:
  Determine the common-size amount for gross accounts receivable and interpret the year-over-year change in the ratio.

The 2016 Balance Sheet of Leggett & Platt Reports Total