Last year,which is used as the base year,a firm had cash of $52,accounts receivable of $218,inventory of $509,and net fixed assets of $1,107.This year,the firm has cash of $61,accounts receivable of $198,inventory of $527,and net fixed assets of $1,216.What is the common-base year value of accounts receivable?
A)0.08
B)0.10
C)0.88
D)0.91
E)1.18

Question

Quizplus · Accepted Answer

Common-base year accounts receivable = $198/$218 = 0.91

Last Year,which Is Used as the Base Year,a Firm Had