In a common-size balance sheet for a retail store,the 100 percent amount is for
A) total property,plant,and equipment.
B) merchandise inventory.
C) total current assets.
D) total assets.

Question

Quizplus · Accepted Answer

In a common-size balance sheet, the 100 percent amount is typically reserved for the total assets. This allows for easy comparison between different balance sheets and analysis of the company's asset structure. While merchandise inventory and total current assets may be important components of the balance sheet for a retail store, they would not typically be assigned the 100 percent amount in a common-size balance sheet format. Property, plant, and equipment (PPE) would also not typically be assigned the 100 percent amount, as PPE is a subset of total assets.

In a Common-Size Balance Sheet for a Retail Store,the 100